NPR.

It's that time of year when teachers are dusting off their textbooks and preparing for

their classes to return.

But some economics teachers are learning that a core part of what they have been teaching

has been wrong.

Jane Eyrig is a senior advisor at the U.S. Central Bank, the Federal Reserve.

Many students only take one economics class in their lifetime.

And so whether it's in high school or whether it's in college, let's teach them what's

going on.

In particular, there's a problem with the way macroeconomics is taught.

And macroeconomics, that's the study of things like unemployment, inflation, interest rates.

So Jane's workplace, the Federal Reserve, it sets interest rates to manage the economy,

to try and keep jobs and inflation at just the right level.

But, to a lot of us, our understanding of the Fed is all mistaken.

This is the indicator for plenty of money.

I'm Adrian Mah, and I'm Diane Woods.

Today's show, The Quest to Better Teach the Fed.

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