Mark Carney, the next governor of the Bank of England, has praised the US Federal Reserve for providing guidance for when it might increase interest rates. "I think the value of the Fed's ... guidance helps a lot with this," Carney said. "It helps market participants understand not exactly the timing of adjustment of interest rates but the minimum conditions before the Fed even thinks about adjustment of interest rates." Carney's comments come as UK policymakers consider providing similar guidance.

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