2 definition by ericandude

Top Definition
THe instution that allowed a stock market crash, that was expected to be another recession to turn into a depression. Bywhich should of added more money into the economy to stimulate spending, growth and eventually decrease unemployment. Failing to do this, the money supply in the banks fell short of expections, which caused a run on the banks. Which then further worsened the crisis.
The Federal Reserve controls interest rates to loans given out to banks, in order to control the money supply.
by ericandude July 10, 2008

Mug icon
Buy a Federal Reserve mug!
The British/Canadian/Australian correct way of spelling 'center' when pretaining to a gathering place. (ie. Community Centre)
I went to the rexall centre last night and saw an awesome game.
by ericandude April 05, 2010

Mug icon
Buy a Centre mug!