Play a game... And chair the Fed

The Federal Reserve Bank of San Francisco has developed a "Chair the Fed" monetary policy game, allowing everyone to set the key policy rate instead of the Fed's mighty Open Market Committee.

Learn how monetary policy works by taking charge of a simulated economy.

The game is accompanied by a perfect set of FAQs providing explanations about the Fed's policy in simple terms.

While I was at the Czech National Bank, we produced a similar monetary policy game, called "The Captain of Inflation", as part of an educational campaign to mark the 20th anniversary of the Czech crown currency.