This fall the Federal Reserve held two nationwide programs to support teachers’ instruction and students’ understanding of personal finance, economics and the role of the Fed.
On October 23, the Richmond Fed joined Reserve Banks across the country to promote the importance of financial education on Federal Reserve Financial Education Day.
Our Bank held two events, one in Baltimore and one in Charlotte, for K-12 teachers. These events highlighted classroom instructional resources about budgeting, finishing high school and making informed choices about post-secondary education – one of the major financial decisions that is a particular focus of our Bank’s financial education efforts.
Federal Reserve Financial Education Day events also showcased a new package of personal finance lessons for teachers called Financial Fundamentals from the Fed. These four lessons cover human capital investment, saving, credit and financial services and are also available in Spanish.
Then, on November 13, Fed Chairman Ben Bernanke held a special town hall meeting to speak with teachers about the Fed’s 100-year history and answer their questions about the Fed’s current role and functions. Teachers in the Baltimore-Washington area had a unique opportunity to be a part of the live audience at the Federal Reserve Board of Governors, while other educators participated via webcast through events at Reserve Banks.
In conjunction with the program, the Fed released three new classroom-ready Centennial lessons about the Fed’s history, functions and how its role has evolved over the last 100 years.
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