Currency

Episode 369: If Teens Ran The Fed

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14 min 55 sec
 
Future central bankers of Ridgefield High i i

Future central bankers of Ridgefield High Jacob Goldstein/NPR hide caption

itoggle caption Jacob Goldstein/NPR
Future central bankers of Ridgefield High

Future central bankers of Ridgefield High

Jacob Goldstein/NPR

We're in a gym full of high school students. The gym is at the headquarters of the New York Federal Reserve, just a few blocks from Wall Street. The students are here for the High School Fed Challenge.

If you're a high school student and you dream of holding the U.S. economy in the palm of your hand — if you want the power to control interest rates and to print money out of thin air — the Fed Challenge is for you.

On today's show, we sit in on the finals — and hear from a bunch of teenagers about what Fed policy means for them.

Note: This episode was originally posted last year.

Music: Fun.'s "We Are Young." Find us: Twitter/ Facebook/Spotify/ Tumblr. Download the Planet Money iPhone App.

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