Definition of Federal Reserve in English:

Federal Reserve

proper noun

(in the US) the banking authority that performs the functions of a central bank and is used to implement the country's monetary policy, providing a national system of reserve cash available to banks.

proper noun

The federal banking authority in the US that performs the functions of a central bank and is used to implement the country's monetary policy, providing a national system of reserve cash available to banks. Created in 1913, the Federal Reserve System consists of twelve Federal Reserve Districts, each having a Federal Reserve Bank. These are controlled from Washington, DC, by the Federal Reserve Board consisting of governors appointed by the US president with Senate approval.

单词	Federal Reserve
释义	Definition of Federal Reserve in English: Federal Reserve proper noun (in the US) the banking authority that performs the functions of a central bank and is used to implement the country's monetary policy, providing a national system of reserve cash available to banks. Definition of Federal Reserve in US English: Federal Reserve proper noun The federal banking authority in the US that performs the functions of a central bank and is used to implement the country's monetary policy, providing a national system of reserve cash available to banks. Created in 1913, the Federal Reserve System consists of twelve Federal Reserve Districts, each having a Federal Reserve Bank. These are controlled from Washington, DC, by the Federal Reserve Board consisting of governors appointed by the US president with Senate approval.
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