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He did not discuss the path of interest rates or the outlook for the economy.
Forward guidance about the likely path of interest rates soon became forward misguidance.
Such an outlook would continue to influence the UK economy and the path of interest rates.
And they can guide people's expectations of the future path of interest rates or inflation.
Although everyone's focus on liftoff, it's really the path of interest rates thereafter that matters.
Policy makers again debated the use of language as a tool to signal the path of interest rates.
So as the data changes, the market path of the likely future path of interest rates should change, Carney explains.
In this case, the path of interest rates should resemble the blue line in the nearby chart.
"Markets are reassessing the future path of interest rate hikes, which is putting downward pressure on the dollar.
Carney added: "That should help reassure British business that the path of interest rates will be consistent with a sustained recovery – that is, with escape velocity".
"What matters is not the timing but the path of interest rates... which [we have] indicated will be gradual and limited".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com