Materials Contributed through SERC-hosted Projects
Living Out the FOMC Meeting A Group Activity on Monetary Policy part of Starting Point: Teaching and Learning Economics:Starting Point: Economics in Two-Year Colleges:Activities
Students will be put into small groups that will each represent the attendees of a FOMC meeting to study their regional economic conditions in the context of the national economy and share their thoughts on how the economy is doing and what the critical issues to be concerned about are. They will then go through the steps of a typical FOMC meeting to cast their votes and decide on the next monetary policy action. The class will see how their decision compares to the actual action taken by the Fed when the next FOMC report comes out and see what kind of impact their policy would have made on the overall economy.