Even in the face of bank failures, the Federal Reserve continues to use its tools to combat inflation. What does that mean for us?

The Federal Reserve has decided, once again, to raise interest rates in their effort to slow the rate of inflation. This has wide-ranging impacts on different types of people and institutions, including consumers, businesses, banks, the stock market, and real estate. Discuss all of these things with your students using this timely activity:

ECON: FOMC Press Conference Activity (May 2023)

• Answer Key

Have questions or comments? Reach out to ryan@ngpf.org.

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Did you know that NGPF has an Econ Collection? Check out more great economics activities to share with your students!

About the Author

Ryan Wood

Ryan grew up with and maintains a love for learning. He graduated from the University of Wisconsin-Green Bay with a degree in Business Administration and worked in sports marketing for a number of years. After living in Texas, Colorado, Tennessee, and Minnesota, the call of education eventually brought Ryan back to his home state of Wisconsin where he was a Business and Marketing teacher for three years. In his free time he likes to spend time with his wife and daughter, play basketball, read, and go fishing. Now with NGPF, Ryan is excited to help teachers lead the most important course their students will ever take.