Federal Reserve Chair Jerome Powell held his first news conference as chair following the March 2018 board meeting. Mr. Powell announced an interest rate hike of 0.25 percent, which would bring the federal funds rate to a range of 1.5 percent to 1.75 percent. He explained the reasons for raising the rate. He also discussed other tools of the Fed and how the Fed is monitoring the economy in order to meet its goals.
This lesson includes two clips relating to the general mission and actions of the Federal Reserve. Students use this information to participate in an online simulation of the Federal Reserve.