A phrase meaning 'i dont know.' Usually used when some one asks you something you should know, or when your particularly clueless about any situation.
person 1- "Wow, how did you get that bruise?"
person 2- "Beats me!"
Short for the United State's Federal Reserve. The fed tries to keep the US economy under control by controlling banks and minting money.
The fed got a new chairman in October, his name is Ben.
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