Feducation is a video series designed to provide a brief overview of timely economics and personal finance topics, such as Fed monetary policy tools, credit scores, and more.
Episode 1: Money and Inflation
How are the money supply and inflation related? And what does the Federal Reserve have to do with this relationship? This episode reviews the functions of money, features an interactive auction that demonstrates the relationship between the money supply and inflation, then utilizes a simple equation to show how changes in the money supply affect the economy. The video also describes how the Fed uses monetary policy to achieve its dual mandate of maximum employment and price stability.
Episode 2: Traditional and Non-Traditional Monetary Policy Tools
What monetary policy tools did the Federal Reserve use prior to the Great Recession? What did it do differently during and after the Great Recession? This episode includes a simple demonstration of Open Market Operations and a discussion of non-traditional monetary policy tools.
Episode 3: Monetary Policy and Unemployment
This video provides a basic overview of unemployment and how it’s measured. It also provides an understanding of the FOMC’s role in promoting maximum employment and price stability.
Episode 4: Understanding an FOMC Statement
This episode dissects an FOMC statement, assessing the changing communication strategy for transparency and clarity and demonstrating an activity that can be used in the classroom.