Hooke compares Boehner's move to the 1995 decision by Republican budget hawks in congress to close Congress's Office of Technology Assessment, which provided forward-looking, nontechnical reports on scientific and technical topics they found important as well as upon request by members.
A helicopter also uses its blades to provide forward thrust.
The Bank's Monetary Policy Committee (MPC) is now on the third iteration of its attempt to provide "forward guidance".
The MPC, which Carney chairs, has appeared split in recent months over the need for further stimulus for the economy and the likely benefit of providing forward guidance.
More recently, Fed credibility allows it to use its "communications tools", providing forward guidance to manipulate expectations, presumably for the betterment of overall economic activity.
Central bankers have therefore been honing a new strategy: attempting to boost confidence by providing "forward guidance"—giving a clearer steer on their future plans.
This muscle not only is important in providing forward thrust in quadrupedal locomotion but is the chief depressor of the forelimb in birds and bats.
The Bank of England's decision to provide forward guidance on when interest rates might rise in the future was not unanimous, according to the minutes of the August meeting of Threadneedle Street's monetary policy committee.
So, if there is a lesson to be learned from last week's shenanigans, it is that providing "forward guidance" to the public is a lot more difficult than it looks.
