Definition of Dovish
What does it mean to be "dovish"? What does it mean to have a "dovish tone"? What does it mean if the Fed is said to have a "dovish outlook"?
A "dove" is somebody who believes that low interest rates are necessary in order to promote growth in the economy. A dove is not particularly worried that low interest rates may cause inflation down the road.

The opposite of a dove is a "hawk".
Hawks are very worried about inflation and will usually advocate higher interest rates in an effort to head off said inflation.
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