Federal Reserve: The Hawks Are Extinct

When it comes to the Federal Reserve the hawks are extinct. They are all doves of varying degrees.

** Hawk is the term used to describe a fed member who places keeping inflation low as the top priority in monetary policy and has the tendency to be prone to have a high level of interest rates. A monetary dove gives more emphasis to low unemployment, over low inflation thus it tends to prefer low interest rates.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.