Definitions by Nicolai

Federal Reserve

The central bank of the United States of America that was founded by Congress in 1913. It is responsible for supervising all bank and credit organizations in the U.S. (both private and public), enforcing credit law, forming U.S. monetary policy, providing financial services to the U.S. government and foreign banking systems, and most importantly, avoiding inflation and depression by controlling U.S. interest rates.

Alan Greenspan has been the chairman of the Federal Reserve for a long time, changing interest rates on many occasions.

Federal Reserve by Nicolai August 12, 2004

senator 

An elected official that is part of the upper house of Congress on the state and federal levels in the United States of America. The federal level has exactly 100 senators, while the state levels vary from state to state.

John McCain is a senator from Arizona. There are 99 other senators on the federal level in the United States.

senator by Nicolai August 11, 2004

congressman

A term used to describe an elected official (male) of the United States Congress, specifically the lower house of Congress (known as the House of Representatives).

After an arduous campaign, John became a congressman.

congressman by Nicolai August 11, 2004

congresswoman 

A term used to describe an elected official (female) of the United States Congress, specifically the lower house of Congress (known as the House of Representatives).

After an arduous campaign, Jane became a congresswoman.

congresswoman by Nicolai August 11, 2004

assemblyman 

A term used to describe an elected official (male) of the lower house of a state's congressional legislature.

After an arduous campaign, John became an assemblyman.

assemblyman by Nicolai August 11, 2004

assemblywoman 

A term used to describe an elected official (female) of the lower house of a state's congressional legislature.

After an arduous campaign, Jane became an assemblywoman.

assemblywoman by Nicolai August 11, 2004

chief justice 

The highest-ranking judge in a given judicial system in the United States of America, whom sits at the head of the Supreme Court for his or her jurisdiction. Each state has one chief justice, as does the federal government.

William Rehnquist is the current chief justice of the United States Supreme Court.

chief justice by Nicolai August 11, 2004