Many news articles mention terms like doves or hawks in relation to the central bank and the people in it but what does it actually mean? I have added descriptions below to explain what they are and the difference between these two types.

What is a dovish FED?

Dovish members of a central bank generally prefer a more gentle or looser monetary policy to tackle inflation and to support growth.

What is a hawkish FED?

When members of a central bank are referred to as hawks it means that they generally want tighter policy to temper inflation through faster rising interest rates compared to doves.

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