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FED Pass |
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FED Pass A Federal Reserve action adding more reserves to the banking system, increasing the money available for lending, and making credit easier to attain. FED Pass An action of the Federal Reserve System by which it adds to the reserves of banks, making credit more easily attainable. A FED pass is meant to spur economic growth during slowdowns. However, it can also increase the amount of money in circulation, which raises the possibility of inflation. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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