Pronunciation: eɪd ˈsteɪʃ(ə)n
Parts of Speech: noun
military a station located near a combat area for giving first aid to the wounded
Federal Reserve Bank, the
Definition: Meaning of, Federal Reserve Bank, the in English to English dictionary.
Pronunciation: / ˈfɛdərəl ðə;ðɪ;ðiː /
- synonym
- antonym
| also the Fed [informal] |
-
the US CENTRAL BANK, which is divided into twelve banks, each operating in a different area of the US according to the Federal Reserve System. The 'Fed' has an important influence on US economic policy, because it fixes the rate of INTEREST that banks must pay when they borrow money.
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