Educators have been teaching monetary policy largely the same way for decades: The Federal Reserve conducts open market operations to move the federal funds rate higher or lower.

However, this approach has been out of date for more than a decade. Today, the Fed operates with ample reserves and uses interest on reserve balances as its primary policy tool. 

In this free webinar, the St. Louis Fed's economic education specialists will describe the Fed's current framework and offer suggestions and resources for teaching it to your students.