Definition of the Fed
US, informal
: the group of officials (the Federal Reserve Board) who control the U.S. government's central banking system (the Federal Reserve System).
The Fed has decided to cut interest rates.
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“The Fed.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/the%20Fed. Accessed 24 Jun. 2021.
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