- Type Learning
- Level Foundational
- Time Hours
- Cost Free
An Educator’s Guide to Monetary Policy
Issued by
Federal Reserve Bank of St. Louis
Achieve a foundational level of federal reserve literacy by learning about five key concepts related to monetary policy.
- Type Learning
- Level Foundational
- Time Hours
- Cost Free
Skills
- Describe the structure and function of the Federal Open Market Committee
- Explain how maximum employment is assessed by the Fed
- Explain how price stability is assessed by the Fed
- Explain how the Fed uses the tools to achieve its dual mandate goals
- Explain how the FOMC adjusts the target for its policy rate
- List and differentiate between the Fed’s monetary policy tools
Earning Criteria
Standards
The most recent version (2010) of the Voluntary National Content Standards in Economics does not align with the Fed’s ample reserves implementation of monetary policy. You can read our recommendations for updating the Voluntary National Content Standards in Economics at https://www.federalreserve.gov/econres/feds/files/2020092pap.pdf