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dovish

dovish

1 7.7
Favor lower interest rates to help the economy grow
  • adjective
  • /ˈdʌvɪʃ/
  • Specialized
translation icon : expansivo
  • If anything, Mankiw's early career and his support for New Keynesian economics contrast with Bernanke's fascination with Milton Friedman and suggest that Mankiw might even be more dovish than Chairman Bernanke.
  • dovish Fed
  • dovish stance
  • dovish policy

So Jerome Powell's talk today was very dovish.

Examples

  • Bottom line: Yellen delivers a dovish speech, siding with Evans and Kocherlakota, who had previously advocated explicit inflation and unemployment guidelines for policy change.

    Blog text (31)
  • It was significantly more dovish than June's minutes, which suggests that the third round of quantitative easing may come much sooner than what most market participants had initially expected.

    Blog text (30)
  • Why does he need to be dovish when financial conditions are being dovish for him?

  • On average, then, this is relatively dovish.

    Blog text (31)
  • As might be expected from Yellen, there was a dovish tone to the speech.

    Blog text (31)
  • So bottom line, if Powell goes dovish, I think we get massive rallies.

  • When you when you have dovish policy that weakens the dollar stock market, stocks go up.

  • Yellen delivers a dovish speech, siding with Evans and Kocherlakota, who had previously advocated explicit inflation and unemployment guidelines for policy change.

    Blog text (31)
  • The Fed's dovish stance indicates a preference for lower interest rates to support economic growth.

  • Analysts expect a dovish approach in the upcoming monetary policy review, focusing on stimulating the economy.

Antonyms

14 7.9

Supporting the use of military force in politics

Compounds

A policy that prefers talks and peaceful solutions instead of force in foreign or economic affairs

A remark showing a wish for peace and compromise in politics or the economy

How Expansionary

dovish
  • Specialized
1 7.7
neutral
218 3.6
contractionary
  • Specialized
2 8.2

Surface Forms

dovish positive

Morphology

dovish = dove (semi-transparent) = dove + ish

The monetary-policy sense is a domain-specific metaphorical extension of 'dove' (peace-favoring), so while the derivation is regular, the specific economic interpretation may not be obvious to all learners.

Etymology

Dovish comes from the bird dove, which stands for 'gentle' action, so in finance a dovish central banker prefers 'lower interest rates' and other easy steps to help the economy grow rather than strict rules to fight inflation.