Your goal is to keep unemployment as close as possible to the natural rate (in this game, that will be 4.5%) while keeping inflation close to its target level (i.e. 2%).

Unemployment is 4.8 %.

GDP is 0.99.

The price level is 0.97.

The inflation rate is 2 %.

The interest rate is currently 5 %.

Your score is currently 0. A perfect score is 10 points per round. There will be 16 rounds. This is because there are 4 quarters per year and the Fed chair serves for 4 years.

What would you like to do with the interest rate?