Chairman Powell and the Federal Reserve have been inflation hawks for a while now, but what does that actually mean? This new activity will help explain (with answer key).

Federal Reserve Chair Jerome Powell held a press conference Wednesday in which he announced the Federal Reserve would once again be raising interest rates another 0.75%. If it feels like you've seen this somewhere before, it's because you have--it's the same thing the Federal Reserve decided to do back in September. Check out this new activity that covers what is monetary policy vs. fiscal policy, being an inflation hawk vs. a dove, and the key elements of Chairman Powell's press conference:

• ECON: Federal Reserve November Press Conference Activity
• ECON: Federal Reserve November Press Conference Activity [ANSWER KEY]

Approximately every six weeks, the Federal Open Market Committee (FOMC) of the Federal Reserve meets. One of the policies at their disposal is the setting of short-term interest rates. Given the current economic conditions, the gravity of these meetings have increased significantly. The Fed Chair Jerome Powell meets with the press at the conclusion of the FOMC meetings to answer questions.

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ECON: FOMC November Press Conference Activity

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Did you know that NGPF has an Economics Directory? It categorizes more than 150 NGPF activities into 11 Economics topics. Check it out here. 

About the Author

Ryan Wood

Ryan is the Partnerships and Adoption Manager for Next Gen Personal Finance’s midwest region. He brings his experience as a former teacher, curriculum designer, and sales and marketing professional to state organizations and school districts in supporting the implementation of their personal financial education efforts. He graduated from the University of Wisconsin-Green Bay and earned his teaching credential from Saint Mary’s University in Winona, Minnesota. He proudly taught at two rural high schools in Wisconsin before transitioning to curriculum design at NGPF, and is now excited to be on the front lines in delivering the best possible financial education in the midwest. He and his wife have three beautiful daughters, each of which inspire him to share the impact of being sound financial stewards both at home and as lifelong learners.

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