Ample Reserves, Monetary Policy, and Inflationary Expectations

Today were are beginning our lessons on the new Ample Reserves curricula that was added to AP Macro this year. Coincidentally, we are also seeing it in action with the current increases in the Federal Reserve's administered interest rates.
This article from the New York Times highlights the current efforts of the Fed to tackle persistent inflation as well as how they are using administered rates to do so. Well worth the read for students!