fed

noun ! Definition from WordNet 3.1, Princeton University. Pronunciation from Wiktionary, via Kaikki.org. More about fed at Wordnik → Where our words come from →

1. Any federal law-enforcement officer.
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