Federal Reserve System

(redirected from Criticism of the Fed)
Also found in: Thesaurus, Financial, Encyclopedia.

Federal Reserve

or Federal Reserve System
The US central bank, a system of 12 Federal Reserve banks, each serving member commercial banks in its own district. This system, supervised by the Federal Reserve Board, has broad regulatory powers over the money supply and the credit structure.

Federal Reserve System

(Banking & Finance) (in the US) a banking system consisting of twelve Federal Reserve Districts, each containing member banks regulated and served by a Federal Reserve Bank. It operates under the supervision of the Federal Reserve Board and performs functions similar to those of the Bank of England

Fed′eral Reserve′ Sys`tem

a U.S. federal banking system that is under the control of a central board of governors (Fed′eral Reserve′ Board`) with a central bank (Fed′eral Reserve′ Bank`) in each of 12 districts and that has wide powers in controlling credit and the flow of money.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.Federal Reserve System - the central bank of the United StatesFederal Reserve System - 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"
central bank - a government monetary authority that issues currency and regulates the supply of credit and holds the reserves of other banks and sells new issues of securities for the government
Federal Reserve Bank, reserve bank - one of 12 regional banks that monitor and act as depositories for banks in their region
national bank - a commercial bank chartered by the federal government
member bank - a bank that is a member of the Federal Reserve System
References in periodicals archive ?
Powell had barely finished speaking before Trump escalated his criticism of the Fed, which he has repeatedly accused of keeping rates too high.
He said that Powell "let us down", adding that his administration is "certainly not getting much help from the Federal Reserve!" Ahead of Trump's attack Powell told reporters last night "we never take into account political considerations" - a reference to Trump's repeated criticism of the Fed's policy.
The US president's criticism of the Fed has led to concerns about central bank independence.
But his withering anti-Fed rhetoric on Twitter has shocked the sensibilities of the East Coast establishment because, in the years since Johnson's outburst, criticism of the Fed simply hasn't been acceptable to the Powers That Be.
The, almost unprecedented criticism of the Fed policy, with President Trump asserting that the Federal Reserve policy is the 'only problem of our economy,' has also contributed to the crude slide.
All the sharp criticism of the Fed in advance of the Wednesday meeting from Trump, Navarro, Gundlach, and Druckenmiller/Warsh risks boxing the Fed into a no-win situation, not very appetizing to investors if they hike or relent, but perhaps better if they do both.
Trump's blunt public criticism of the Fed is without precedent.
The comments followed his strongest criticism of the Fed late Wednesday when he said the central bank had "gone crazy."