Many of you are involved in institutions that are working hard to enhance basic education about economics and finance, and it is a challenge the Federal Reserve takes seriously as well. Gary Stern, President of the Minneapolis Federal Reserve Bank, has been an inspiration in the Fed as well as within National Council on Economic Education.
The economic educators of the Federal Reserve System have recently launched an interactive web site offering students, educators and the general public an introduction to the workings of the Fed and the nation's banking system. The goal is to offer consumers a clearer picture of how, for example, the Federal Reserve's decisions influence the economy and consequently impact their monetary choices.