Fed


Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Idioms, Encyclopedia, Wikipedia.

Federal Reserve System

The central bank system of the United States. The Federal Reserve regulates the monetary policy of the United States, especially by setting the discount rate and the fed funds rate and by buying and selling U.S. Treasury securities. It consists of 12 regional banks that operate under the guidance of a Federal Reserve Board, whose seven members are appointed by the President of the United States. The Federal Reserve System has the authority to print money, a controversial measure both now and at the time it was founded. All federally-chartered banks must belong to the Federal Reserve System and purchase a certain amount of stock in the Federal Reserve bank in charge of their particular regions. The Federal Reserve System was established in 1913.

Fed

References in periodicals archive ?
Greenspan, former chairman of President Gerald Ford's Council of Economic Advisers, served as head of a Social Security reform commission during the first Reagan administration, then took over the Fed from the great inflation buster Paul Volcker.
Inflation has been of greater concern to the Fed and was addressed in two of the four paragraphs in its statement last Wednesday, a document whose language and content is closely scrutinized by analysts for subtle hints on future monetary policy.
This is something the Fed already analyzes when it's trying to predict future behavior, calculate investment, and calibrate its policies.
A second critical issue is whether the Fed and financial markets are following the best definition of inflation.
And prior to February 2004, the Fed held interest rates at artificially low levels in order to stimulate consumer spending--home purchases, auto sales, big-ticket consumer items, promiscuous use of credit cards for incidental spending, even fast food purchases.
All in all, The Fed is the best face that can be put on a depressing situation while still stating the facts.
As the amplitude began to increase, the material fed in a uniform pattern and maintained its flow depth.
But during Greenspan's long reign as Fed chairman, which began a few months before the 1987 stock market crash, the shroud of secrecy surrounding Fed deliberations has slipped a bit In 1994, the powerful Open Market Committee began releasing its decisions on interest rates on the day they were made, and last year it began stating the Fed's bias about future moves.
Scrapie was ruled out as the possible agent, as the mink were fed no sheep parts; their meal was composed of five percent horse meat and 95 percent rendered cattle.
Calculate the freezing moduli of sections that must be fed separately.
His likely successor is Alan Blinder, whom Clinton recently appointed vice chairman of the Fed.