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English definition of “the Federal Reserve”

the Federal Reserve

noun     (also informal the Fed) BANKING, FINANCE, GOVERNMENT
→  the Federal Reserve Board: Investors are concerned that problems in the housing market could force the Federal Reserve to cut interest rates .
→  the Federal Reserve System: As private credit markets make a recovery , banks have been borrowing less from the Federal Reserve's emergency lending program .
(Definition of the Federal Reserve noun from the Cambridge Business English Dictionary © Cambridge University Press)
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