Fed Board Builder

Fed Board Builder activity logo | St. Louis Fed

In this activity, students first watch a video to learn about the structure and roles of the Federal Reserve. They then read a blog post that imparts valuable historical context by tracing how the makeup of the Federal Reserve Board of Governors has shifted from members with banking, finance, and government experience to primarily academic economists. Working in small groups, students then participate in a card-sorting activity. Their task is to evaluate 22 fictional candidates and select seven to recommend to the president of the United States to fill vacancies on the Federal Reserve Board of Governors. The candidates’ biographies include information about their current position, background, experience, and which Federal Reserve District they live in. As directed by Congress, the seven chosen must fairly represent the “financial, agricultural, industrial, and commercial interests, and geographical divisions of the country.” Students will be challenged to negotiate with their group members while winnowing the possibilities to pick a team to (i) make good monetary policy and (ii) satisfy the requirements of the Federal Reserve Act.

•  Activity (pdf)

Teachers: order box sets for use in the classroom »

---

If you have difficulty accessing this content due to a disability, please contact us at 314-444-4662 or economiceducation@stls.frb.org.

Search for Related Resources

Audience:   High School, College
Language:   English
Subjects:   AP, Current Events, Economics, Civics/Government
Resource Types:   Activity, Lessons, Game, Simulation
Concepts:   Economy, Federal Reserve System-structure, Monetary Policy
Contact Us:
economiceducation@stls.frb.org

Contact our Economic Education Specialists

Permitted Use:
Video Overview:
Watch this video to get a concise summary of Econ Lowdown's benefits:
The Lowdown

Subscribe:
Awards: