Federal Reserve (Noun)
Meaning
The central bank of the United States; incorporates 12 Federal Reserve branch banks and all national banks and state-chartered commercial banks and some trust companies; "the Fed seeks to control the United States economy by raising and lowering short-term interest rates and the money supply".
Classification
Nouns denoting groupings of people or objects.
Examples
- The United States Federal Reserve System was established in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system.
- To stabilize prices and moderate long-term interest rates, the Federal Reserve uses a variety of tools, including setting interest rates and buying or selling government securities.
- The Federal Reserve monitors and assesses the stability of the US financial system by evaluating the resilience of key economic actors and infrastructure.
- The United States Department of the Treasury and the Federal Reserve share a number of responsibilities and roles in the management of the nation's fiscal, monetary, and financial policy.
- In response to economic turmoil, the Federal Reserve may take extraordinary measures, such as quantitative easing and lending programs, in order to provide liquidity and stimulate growth.