- Type Learning
- Level Foundational
- Time Hours
- Cost Free
An Educator’s Guide to the Fed’s Toolbox
Issued by
Federal Reserve Bank of St. Louis
This module describes each of the Fed’s key monetary policy tools and explains how the Fed uses the tools to steer the federal funds rate into the FOMC’s target range.
- Type Learning
- Level Foundational
- Time Hours
- Cost Free
Skills
- Apply understanding of Fed policy and tools to economic scenarios
- Explain how the Fed uses the monetary policy tools to guide the federal funds rate
- Explain the supportive role played by open market operations
- Identify each of the Fed’s tools and administered rates
- Identify IORB as the Fed’s primary monetary policy tool
Earning Criteria
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To earn this badge you will read content, watch one videos, and complete three assessments.
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