Using Fed Chair Jerome Powell's News Conference as a Learning Opportunity (BETA) - Blog
Here's a simple activity to allow your students to see economic principles in action through Fed Chair Powell's March 16th news conference. Thanks to NGPF's Ren Makino and Melody Chou for turning around this concept in record time. They created time stamps for the questions that Chair Powell answered in the news conference, These show notes guide students working in groups so they know where to find answers to this short quiz with 8 questions. Quick synopsis of the activity: Form student groups of 3-4 Each group will work together to complete the short quiz (8 questions) Answers to the quiz questions can be found by going to the news conference video. Each of the questions has a time stamp where the answer can be found. For those who want to edit this form and add/edit questions, here's a link to an editable form. Timestamps: 0:00~7:30 Introductory Statement 7:30~8:55 Weighing the risk of recession to embedded inflation 8:55~11:03: Reduction in GDP projections from FED driven by spillover effects from Ukraine invasion 11:03~13:05: When do you expect to see inflation will start to come down due to fiscal aid being reduced, higher interest rates and supply chain issues clear up 13:05~15:15 Higher oil prices and supply chain issues leading to inflation pressure 15:15~18:30 Impact of the Fed raising interest rates on inflation rates 18:30~21:48 Future meetings on raising interest rates 21:48~23:33 Fed’s ability to curb inflation 23:33~25:04 Impact of service inflation 25:04~28:35 Why do unemployment expectations remain low even in light of the monetary tightening by the Fed? 28:35~31:11 Is it possible to reduce consumer demand without raising unemployment rates?
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