While many have criticised the Fed for being not being dovish enough by only cutting rates by a quarter point, this has not spoiled Bob McTeer's good humour. The president of the Dallas Fed in the past earned himself the soubriquet of "Lonesome Dove" (and later the "Lonesome Ranger"), for once voting against the hawkish majority. He observed, "I never thought of myself as a dove, just a kinder and gentler hawk", and has thus been relieved to find that he is "not so lonesome anymore" in this
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