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Federal Reserve (Fed)
The central bank of the United States, which governs monetary policy and derives its authority from the U.S Congress. The current Federal Reserve Chairman is Alan Greenspan. Chicago Mercantile Exchange Glossary
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the Fed an informal name for the Federal Reserve Bank, the Federal Reserve Board, or the Federal Reserve System:
• The bond market rallied as the Fed eased monetary conditions.
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Shorthand for the US central bank.
► See also Federal Reserve System.
Financial and business terms. 2012.