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 … Or scroll down to learn more about the key variables in the game and how monetary policy influences the U.S. economy. Click on “Launch game” >> then “Your Job” to get the objective and how to manage the situation. The game shows how the federal funds rate affects the unemployment rate and the inflation rate. Monetary Policy Stimulation Brooke Seng The Federal Reserve Chairman Game does show how monetary policy is used to promote economic growth and stability. That means the central bank will be more … Greenspan's policy was defined by keeping inflation low … 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. 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. 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. 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. You must keep trying until you are not fired as the Fed Chairman. 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. It was the central bank's first monetary policy update since announcing changes to its framework in July following an 18-month review. Don't forget to screenshot your final results. The goal of the game is to control federal funds rate to keep the unemployment rate and the inflation rate in a good range. Fed Funds Rate The rate as of Dec 20, 2017 is 1.5%; Step 3 . Move on to test your skills with the Fed Chairman game. Try it 5 times. Alan Greenspan is an American economist and former chairman of the federal reserve bank. 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. 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