A Federal Reserve action adding more reserves to the banking system, increasing the money available for lending, and making credit easier to attain.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved