fed

Noun

• 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
    

• any federal law-enforcement officer

Related words

• Synonyms: 
  Federal Reserve System , Federal Reserve , Fed , FRS , Federal , federal official