The President of the United States has nominated you and the U.S. Senate has confirmed you to serve as the Chair of the Federal Reserve. Your job is to set monetary policy to achieve full employment and low price inflation. Your term will last 4 years (16 quarters).
Adjust this key short-term interest rate to keep the economy
|Press||to raise the fed funds rate or tighten monetary policy, which over time tends to reduce inflation and increase unemployment.|
|Press||to cut the fed funds rate or loosen monetary policy, which over time tends to boost inflation and lower unemployment.|
|Press||to see your decision affect the economy.|
Keep unemployment close to its natural rate of 5%.
Keep inflation near the Fed's 2% inflation target.
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