Upper School (US) students in our Economics and Business Finance classes recently took a field trip to the Federal Bank of New York. “While there, they listened to a lecture on basic monetary policy and the role the central bank plays in managing the economy,” said US faculty member Mr. Peter Waltman. Following the talk, students toured the vault where the world’s largest known depository of monetary gold is housed and then enjoyed a celebratory meal at a local Chinese restaurant. “The presentation was not only informative, but also built on lessons we learned in our Macroeconomics and Microeconomics classes, showing real applications of what we learned throughout the year,” said Nathan Peirez ’26, who added that he specifically gained insight into the role of the Fed as “a bank for banks” that adjusts interest rates in response to labor market shifts to attain “maximum employment” and stable prices. The visit to the Fed was a golden opportunity and experiential learning at its best!