The School Outreach Initiative brings New York Fed staff into the classroom to give accessible and informative 45-minute presentations on such topics as the role of the Federal Reserve, its history and monetary policy. It is designed to reach students in schools in the Federal Reserve's Second District that may benefit from resources to teach economic literacy, including Title I high schools and community colleges, thereby increasing the diversity in the fields of economics and finance.
Since it started in 2014, the New York Fed has reached close to 1,000 students through the School Outreach Initiative and has encouraged many students to participate in other New York Fed educational programs.
Visits are free and can be scheduled Monday through Friday during the school year. Only schools in the Federal Reserve's Second District are eligible. Interested professors and teachers should request a visit.
Please note that this program is first-come, first-served. As a result of the overwhelming demand for this program, visits are not guaranteed.
The School Outreach Initiative gives students the opportunity to meet New York Fed staff in their classrooms. Each session develops students' analytical and critical thinking as New York Fed employees encourage active dialogues. The program also serves to complement a school's social studies, civics, history, economics and/or business cirriculum.
During each school visit, New York Fed staff can present one of the following lessons.
Basic Introduction to the Federal Reserve
This 45-minute presentation makes the connection between money, the economy and the Federal Reserve, looking at how the Fed affects people's everyday lives. Topics covered include:
- What is money?
- Money and the economy
- What is a central bank?
- How the Federal Reserve supports the economy
- How the Federal Reserve's actions affect you
Advanced Introduction to the Federal Reserve
This 45-minute presentation details the structure of the Federal Reserve as a central bank and its policy responsibilities. Topics covered include:
- What is the Federal Reserve System?
- What is the structure of the Federal Reserve System?
- What is the Federal Reserve's role in the economy?
History of the Federal Reserve
This 45-60-minute presentation tracks the evolution of the Federal Reserve's role as a central bank through different economic periods. Topics covered include:
- Creation of the Federal Reserve System, 1913
- The Federal Reserve's response to the Great Depression, 1933
- The Great Inflation, 1965-1982
- The Great Moderation, 1986-2006
- The Federal Reserve's response to the 2007-2008 financial crisis
Introduction to Monetary Policy
This 45-60-minute presentation explains how the economy's health is measured and the Fed's role in keeping it healthy using analogies to everyday ideas and concepts. Topics covered include:
- Key indicators used to study the economy, such as GDP, inflation and unemployment
- How the Fed uses the federal funds rate to influence interest rates in the economy
- Expansionary v. contractionary monetary policy