The Real Fed Funds Rate Datasheet
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1
2The Real Fed Funds Rate
Datasheet
At the beginning of each quarter of the Chair the Fed game, compare the current levels of unemployment and
inflation to the Fed’s goals for each. Decide to raise, cut, or leave unchanged the level of the fed funds rate and
record the rate in the “Rate Played” box. Record the level of the real fed funds in the “Real Fed Funds Rate” box
(rate played minus inflation rate). Answer the questions on page 2 when you have completed the game.
Fed Funds
Unempl.
Inflation
Rate
Real Fed
QTR
Headline Summary
Rate
Rate
Rate
Played
Funds Rate
(beginning)
New Chair Appointed: Faces moderate
16
4.00%
4.68%
2.11%
inflation but falling unemployment
15
14
13
12
11
10
9
8
7
6
5
4
3
2
1
Reappointed? _______
Unemployment: ______
Inflation rate: ______
Shock: ________________________
1
Federal Reserve Bank of San Francisco
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