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. 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. Try it 5 times. The goal of the game is to control federal funds rate to keep the unemployment rate and the inflation rate in a good range. Click on “Launch game” >> then “Your Job” to get the objective and how to manage the situation. 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. 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. That means the central bank will be more … Don't forget to screenshot your final results. Fed Funds Rate The rate as of Dec 20, 2017 is 1.5%; Step 3 . The game will take you through a simulated economy and allow you to control the federal funds (interest) 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. The game will take you through a simulated economy and allow you to control the federal funds (interest) rate … You must keep trying until you are not fired as the Fed Chairman. Greenspan's policy was defined by keeping inflation low … It was the central bank's first monetary policy update since announcing changes to its framework in July following an 18-month review. 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. 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 … The game will take you through a simulated economy and allow you to control the federal funds (interest) rate … Decisions are challenging to make as they will either have a negative effect or a positive impact on the economy. Move on to test your skills with the Fed Chairman game. The game shows how the federal funds rate affects the unemployment rate and the inflation rate. Fed Chairman Jerome Powell announced a major policy shift Thursday to "average inflation targeting." Alan Greenspan is an American economist and former chairman of the federal reserve bank. 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. Monetary Policy Stimulation Brooke Seng The Federal Reserve Chairman Game does show how monetary policy is used to promote economic growth and stability. 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