about Peter Schiff's show.

Yesterday we got the official release of the Fed's statement that always follows the

conclusion of these two-day policy meetings that happen every every six weeks and every

other meeting they're followed up by a press conference.

We got that last time.

We didn't get it this time and the release was received by the markets and by followers

of the Fed as being very, very hawkish.

What they mean by hawkish when it comes to the Fed is a Fed that is tighter.

They're going to be raising interest rates, fighting inflation, hard money as opposed

to an easy Fed that's seen loose monetary policy, lower interest rates, more tolerant of

inflation.

In my mind, there's nothing hawkish about this Fed or this statement.

If the Fed were hawkish, they wouldn't still be reiterating their patience when it comes

to raising rates five or six years into a so-called recovery.

If this was a hawkish Fed, there would have been a rate increase already.

They wouldn't be talking about their patience.

The Fed is very dovish regardless of the spin, but I will agree that the statement was

hawkish in one sense.

That was the Fed's unguarded optimism about the U.S. economy and the U.S. labor market.

I've never read a communique one of these statements that was more bullish, at least recently,

in recent times where they just were very optimistic about the U.S. economy.

I think that many people on Wall Street were probably correctly anticipating the Fed to

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