Richmond Fed article questions use of dove and hawk to describe policy-makers
Authors suggests terms simplify disagreements on FOMC
Categorising policy-makers as ‘doves' or ‘hawks' can gloss over "important points of agreement" among Federal Reserve officials, according to research published by the Federal Reserve Bank of Richmond, but the terms are unlikely to be lost any time soon.
In an article published in EconFocus, a magazine run by the Richmond Fed, Tim Sablik asks whether members of the Federal Open Market Committee are now "birds of a feather" and, if so, whether the dove-hawk distinction is no longer relevant.
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