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.

​ Was this Helpful? YES  NO 8 people found this helpful.

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

​ Was this Helpful? YES  NO 7 people found this helpful.

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.

​ Was this Helpful? YES  NO 4 people found this helpful.

Show more usage examples...

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
non-borrowed reserves contractionary monetary policy