Fed

Definition

The 7-member Board of Governors that oversees Federal Reserve Banks, establishes monetary policy (interest rates, credit, etc.), and monitors the economic health of the country. Its members are appointed by the President subject to Senate confirmation, and serve 14-year terms. also called the Federal Reserve Board.

Use Fed in a sentence

You may want to try and get in close with someone involved in the FED so that you can get some big loans later.

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You should always do your best to keep good standing with the FED so that you can continue to borrow from them.

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The kid I grew up down the street from became a well-respected economist and eventually went on the oversee the entire American economy as the Chairman of the Fed.

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