Can you get reappointed as fed chairman? (try this game to find out)

[MalaspinaGold]

Don't know if this has been posted before, but this is a fairly fun and slightly addicting game where as the fed chairman you manipulate the federal funds rate to keep unemployment and interest rates in check.

http://sffed-education.org/chairman/

[True Federalist (진정한 연방 주의자)]

Yes.  You can't get reappointed as head of the FBI, but you can as Fed chair.

[MurrayBannerman]

Yes.  You can't get reappointed as head of the FBI, but you can as Fed chair.

Swing and a miss.

[Marnetmar]

I tried a little experiment after messing around with this for a bit and ironically by doing absolutely nothing to the federal funds rate I was able to get re-appointed 3 out of 5 times.

[MadmanMotley]

This assumes Keynesian Economics works.

[MurrayBannerman]

This assumes Keynesian Economics works.

Depending on the situation it does. Like... World War II.

Economies aren't played out in a vacuum. Otherwise Milton Friedman would be God, or at least he would be in my book.

[Supersonic]

lol, the first time I managed 1% unemployment, but skyrocketed inflation to 10%.

I'm such a bad fiscal conservative.

[MurrayBannerman]

lol, the first time I managed 1% unemployment, but skyrocketed inflation to 10%.

I'm such a bad fiscal conservative.

Both of those things are bad.

[Randy Bobandy]

I tried a little experiment after messing around with this for a bit and ironically by doing absolutely nothing to the federal funds rate I was able to get re-appointed 3 out of 5 times.

Same.

[Mordecai]

I tried a little experiment after messing around with this for a bit and ironically by doing absolutely nothing to the federal funds rate I was able to get re-appointed 3 out of 5 times.

Same.

"Fed guru reappointed
Solid policies sustain economic recovery"

Did absolutely nothing, lol.

[Simfan34]

Is that the joke? I was able to manage to get it to 4.3% unemployment and was yet fired for having sub-2% inflation. Clearly whoever designed this is quite hostile to zero-rate targeting.

[Cassius]

Is that the joke? I was able to manage to get it to 4.3% unemployment and was yet fired for having sub-2% inflation. Clearly whoever designed this is quite hostile to zero-rate targeting.

Problem with zero percent rate of inflation is that is rather too close to deflation for comfort. Generally speaking, the best strategy is to try and keep inflation at a low and steady rate (which is where the 2 percent target comes from) rather than veering to either extreme.

[I spent the winter writing songs about getting better]

Oddly it seems the best strategy is to jack up interest rates super high early on and then do a drastic cut once unemployment skyrockets but deflation occurs. Both then regress to normal.

[Marnetmar]

I tried a little experiment after messing around with this for a bit and ironically by doing absolutely nothing to the federal funds rate I was able to get re-appointed 3 out of 5 times.

Are you suggesting free market economics works? WOW!

Well, yes. I'm not a True Leftist.