Inflation doves lean in the direction of milder recessions and are more willing to tolerate higher inflation.

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Inflation doves prioritize low unemployment over low inflation, which means they may be more willing to tolerate higher inflation in exchange for lower unemployment rates. They generally advocate for expansionary monetary policies to stimulate economic growth and mitigate the impact of recessions. As a result, they may be more accepting of slightly higher levels of inflation if it means avoiding a more severe economic downturn.

Inflation Doves Lean in the Direction of Milder Recessions and Are