Federal Reserve System, the

the Federal Reserve SystemˌFederal Reˈserve ˌSystem, the (also the Fed infml)

the national banking system in the US, according to which the Federal Reserve Bank operates

From Longman Business Dictionary

Federal Reserve SystemˌFederal Reˈserve ˌSystem abbreviation FRS nounORGANIZATIONSBANKING

the US CENTRAL BANK. It consists of the 12 Federal Reserve Banks and sets banking rules, controls the MONEY SUPPLY, (=the amount of money in the economy) and manages the CLEARING SYSTEM (=the system for making payments between banks)

The Federal Reserve System has committed itself to fighting the recession with lower interest rates.

词汇	Federal Reserve System, the
释义	Federal Reserve System, the the Federal Reserve SystemˌFederal Reˈserve ˌSystem, the (also the Fed infml) the national banking system in the US, according to which the Federal Reserve Bank operates From Longman Business Dictionary Federal Reserve SystemˌFederal Reˈserve ˌSystem abbreviation FRS nounORGANIZATIONSBANKING the US CENTRAL BANK. It consists of the 12 Federal Reserve Banks and sets banking rules, controls the MONEY SUPPLY, (=the amount of money in the economy) and manages the CLEARING SYSTEM (=the system for making payments between banks) The Federal Reserve System has committed itself to fighting the recession with lower interest rates.
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