Alan Greenspan is an American economist and former chairman of the federal reserve bank. The goal of the game is to control federal funds rate to keep the unemployment rate and the inflation rate in a good range. The game will take you through a simulated economy and allow you to control the federal funds (interest) rate … The game shows how the federal funds rate affects the unemployment rate and the inflation rate. In this game, you are appointed as the Chair of the Board of Governors of the Federal Reserve by the President in order to implement monetary policy. Don't forget to screenshot your final results. Click on “Launch game” >> then “Your Job” to get the objective and how to manage the situation. In this game, you are appointed as the Chair of the Board of Governors of the Federal Reserve by the President in order to implement monetary policy. You must keep trying until you are not fired as the Fed Chairman. Or scroll down to learn more about the key variables in the game and how monetary policy influences the U.S. economy. The game will take you through a simulated economy and allow you to control the federal funds (interest) rate in pursuit of full employment and of price stability. Fed Chairman Jerome Powell announced a major policy shift Thursday to "average inflation targeting." In this game, you are appointed as the Chair of the Board of Governors of the Federal Reserve by the President in order to implement monetary policy. The game will take you through a simulated economy and allow you to control the federal funds (interest) rate … Move on to test your skills with the Fed Chairman game. In order to show the use of monetary policy, the game had put me in the position of the Fed Chairman, and I was to manipulate interest rates so that inflation and unemployment could be balanced. The game will take you through a simulated economy and allow you to control the federal funds (interest) rate … Fed Funds Rate The rate as of Dec 20, 2017 is 1.5%; Step 3 . Federal Reserve Chairman Jerome Powell on Wednesday acknowledged economic inequality in the United States but said monetary policy tools can only do so much to narrow the income gap. In this game, you are appointed as the Chair of the Board of Governors of the Federal Reserve by the President in order to implement monetary policy. The game will take you through a simulated economy and allow you to control the federal funds (interest) rate … It was the central bank's first monetary policy update since announcing changes to its framework in July following an 18-month review. Try it 5 times. In this game, you are appointed as the Chair of the Board of Governors of the Federal Reserve by the President in order to implement monetary policy. Greenspan's policy was defined by keeping inflation low … That means the central bank will be more … Monetary Policy Stimulation Brooke Seng The Federal Reserve Chairman Game does show how monetary policy is used to promote economic growth and stability. Decisions are challenging to make as they will either have a negative effect or a positive impact on the economy.

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