It is used to report back to callers into the fee estimation functions to learn why the returned feerate was chosen. Descriptions for these reasons are:
static const std::map<FeeReason, std::string> fee_reason_strings = { {FeeReason::NONE, "None"}, {FeeReason::HALF_ESTIMATE, "Half Target 60% Threshold"}, {FeeReason::FULL_ESTIMATE, "Target 85% Threshold"}, {FeeReason::DOUBLE_ESTIMATE, "Double Target 95% Threshold"}, {FeeReason::CONSERVATIVE, "Conservative Double Target longer horizon"}, {FeeReason::MEMPOOL_MIN, "Mempool Min Fee"}, {FeeReason::PAYTXFEE, "PayTxFee set"}, {FeeReason::FALLBACK, "Fallback fee"}, {FeeReason::REQUIRED, "Minimum Required Fee"},
};
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