Minutes from the Federal Reserve's policy-making arm show that the central bank is willing to wait until after an interest rate hike to drain reserves and let asset purchases run off, Bank of America senior U.S. economist Michael Hanson tells TheStreet's Joe Deaux. Hanson says the positive market reaction suggests investors witnessed a 'dovish spin' on the minutes, which participants anticipated to be more favorable for tightening monetary policy. The minutes also note that investors may be complacent. Hanson says the FOMC noted this because they are reiterating that ending the current loose monetary policy isn't a 'done deal.'

More from Video

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: When Planning for Retirement, Don't Underestimate Your Life Span

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

Video: Here's What May Come Next for Theranos Founder and CEO Elizabeth Holmes

This Titan Who Founded a $5 Billion Tech Giant Has Great Advice for Graduates

This Titan Who Founded a $5 Billion Tech Giant Has Great Advice for Graduates

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Wondering What Blockchain Technology Really Is? This Expert Explains It All

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That

Gold Prices Look 'Rich' at Current Levels - Here's What Could Change That