Central Bankers are neither doves nor hawks, they are owls

Reading speeches of Richard Fisher is always entertaining stuff. (See previous posts onetwo). He is usually very forthright in his views and doesn’t mince words either.

Here is another classic from the man. He says:

Those of you who follow my speeches—probably a very small number of you with way too much time on your hands—will recall that I like neither the term “hawk” nor “dove.” I like to think that all FOMC members are best metaphorically described in ornithological terms as “owls”—wise women and men seeking to achieve the right balance in carrying out our dual mandate.

:-)

The speech is another reminder on rising inflation and inflation expectations.

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One Response to “Central Bankers are neither doves nor hawks, they are owls”

  1. Spot the fiscal deficit peacock! « Mostly Economics Says:

    [...] As fiscal policy gains ground, comparing policymakers to animals begins. Like in monetary policy we classify policymakers as hawks or doves  (Fisher says they are actually owls). [...]

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