By SIMON CONSTABLE
When you hear finance people talking about doves and hawks, they usually aren't referring to our feathered friends. Most often they are describing the attitude of Federal Reserve policy makers toward inflation.
The Federal Reserve, aka the central bank of the U.S., has two mandates: full employment and a stable price level (i.e., low inflation). This dual mandate creates a tension—and a balancing act—because actions that focus on one side can worsen conditions on the other. See original post here.
