[Barclays: Fed Chair Waller May Advocate Reducing the Use of Forward Guidance by the Federal Reserve] According to a report by Cailian Press, Barclays rate strategists stated that Federal Reserve Chair Waller may advocate reducing the use of forward guidance by the Federal Reserve, as he believes forward guidance has been a source of past policy missteps. It is expected that Waller will also emphasize the long-term drivers of the economy, 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.