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 3.7 %.

GDP is 1.02.

The price level is 0.98.

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?