Today, the Federal Open Market Committee (FOMC) held a pivotal press conference, setting the stage for an engaging classroom debate. In this activity, your students will dive into the complexities of monetary policy by debating the Federal Reserve's latest decision on interest rates. It's a fantastic way to bring economics to life, developing critical thinking and research skills.

Access the activity here: DEBATE: What Should the Federal Reserve Do With Interest Rates?

How It Works:

1. Research Phase: Students will watch a portion of the FOMC press conference, absorbing the nuances of the decision-making process. Additionally, they'll conduct independent research, examining various viewpoints.

2. Debate Preparation: Each student (or team) will be assigned a stance – either supporting a rise in interest rates or advocating for them to remain low. They'll prepare arguments, backed by their research, to defend their position.

3. Classroom Debate: Facilitate a structured debate, allowing students to present their arguments and respond to counterpoints. This encourages active listening and respectful discourse – crucial skills in any field.

Why It's Timely and Relevant:

• Real-World Connection: Linking classroom learning to current events helps students see the relevance of economics in everyday life.
• Critical Thinking: Analyzing and debating a complex issue like interest rates sharpens their analytical skills.
• Engagement: The excitement of a live debate fosters a more dynamic and participative learning environment.

This activity isn't just about understanding the Federal Reserve or interest rates; it's about empowering our students to become informed, critical thinkers in a rapidly changing economic landscape. I encourage you to bring this debate into your classroom and spark a passion for economics in your students.

Have questions, comments, or suggestions? Feel free to send me an email. Looking forward to hearing your experiences and feedback!

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Browse previous FOMC press conference-related blog posts with activities!

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Looking for more economics content? Check out NGPF's Econ Collection.

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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