The Federal Reserve has raised interest rates once again. But what does that mean?
Federal Reserve Chair Jerome Powell held a press conference today in which he announced the Federal Reserve would be raising interest rates another 0.75%. Check out this newly created activity that covers how interest rates work, personal observations about economic conditions around where you live, how inflation affects households of different income levels, and more!
Approximately every six weeks, the Federal Open Market Committee (FOMC) of the Federal Reserve meets. One of the policies at their disposal is the setting of short-term interest rates. Given the current economic conditions, the gravity of these meetings have increased significantly. The Fed Chair Jerome Powell meets with the press at the conclusion of the FOMC meetings to answer questions.
Did you know that NGPF has an Economics Directory? It categorizes more than 150 NGPF activities into 11 Economics topics. Check it out here.