a very annoying catch phrase, normally said by immature freshmen, that is used to down-play the fact that the speaker of the phrase isn't as good at something as they claim they are. It is also used to annoy the crap out of everyone around them because the speaker could not think of something more intelligent to say.
In the European Union, the EUROPEAN CENTRAL BANK (ECB) is responsible for monetary policy in general and for setting interest rates in particular for member countries of the ECONOMIC AND MONETARY UNION (EMU). The ECB has committed itself to a âtarget'for INFLATION of no more than 2% per annum.
Board of Governors. The seven member board that oversees the Federal Reserve System (Fed) Monetary Policy. The actions the Fed takes to control the money supply and the rate of inflation in the economy. Federal Reserve District. 12 banking districts created by the Federal Reserve Act. Federal Open Market Committee (FOMC)