Fed - Definition
fed
n 1: any federal law-enforcement officer [syn: Federal, Fed,
federal official]
2: 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" [syn: Federal Reserve System, Federal Reserve,
Fed, FRS]