Play Chair the Fed: A Monetary Policy Game. In the game, use the Learn More button and review the tight (contractionary) and easy (expansionary) tools of the Fed as well as the use of each. Briefly examineYour Job and FAQs. Then, play the game! You are the Fed Chairperson! You begin with 16 quarters (4 years), and then your job is up for review. You begin with rates at 4.0 percent Fed Funds Rate, inflation at 2.11 percent, and unemployment at 4.68 percent.