Congratulations! You have been appointed to chair of the Federal Reserve.
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 4.7 %.
GDP is 1.
The price level is 1.01.
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?