the Federal Reserve System noun - Definition, pictures, pronunciation and usage notes | Oxford Advanced American Dictionary at OxfordLearnersDictionaries.com

Definition of the Federal Reserve System noun from the Oxford Advanced American Dictionary

the Federal Reserve System

noun

(also the Federal Reserve) (abbreviation the FRS) (informal the Fed) [singular]

the organization that controls the supply of money in the U.S.

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See the Federal Reserve System in the Oxford Advanced Learner's Dictionary