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 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.