[Barclays: Waller May Advocate Reducing the Use of Fed Forward Guidance, Unlikely to Provide Near-Term Guidance] Odaily Planet Daily News - Barclays rate strategists stated in a report that Federal Reserve Chair Waller may advocate reducing the use of forward guidance by the Fed, as he believes forward guidance has been a source of past policy missteps. The strategists noted that during the Kansas City Fed's annual symposium held in Jackson Hole from August 27 to 29, Waller may also provide insights on balance sheet policy. They expect Waller to emphasize long-term economic drivers, particularly productivity trends and their impact on potential growth. Waller is unlikely to provide near-term policy guidance, but the market will seek more information on how the FOMC plans to bring inflation back to the 2% target. If inflation fails to improve, Waller is likely to confirm that rate hikes remain a possible option. (Jin10)