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.