Federal Reserve announces College Fed Challenge winners
Princeton University won the 21st annual national College Fed
Challenge on Friday, a team competition that encourages undergraduate
students to learn about the U. S. economy, monetary policymaking, and
the role of the Federal Reserve System. Teams analyze economic and
financial conditions and formulate a monetary policy recommendation,
modeling the Federal Open Market Committee. The team, from Princeton,
New Jersey, represented the Philadelphia District and included
Bracklinn Williams, Daniel Sozanski, Eleanor Clemans-Cope, Elliot Lee,
William Neumann, Bijaan Noormohamed (alternate), and Manuel Garcia San
Millan (alternate). The team's advisers were Alan Blinder, Carolyn
Wilkins, and William Dudley.
This year's College Fed
Challenge included 119 schools from across the nation. Each submitted
video presentations or participated in local competitions last month.
Eighteen semi-finalist teams then participated in question-and-answer
sessions held earlier this month, and six finalists were selected to
determine the winners. The other national finalists were Harvard
College in second place and University of Virginia in third place.
Teams with honorable mentions include University of Michigan, Pace
University, and University of Miami.
"Fed Challenge gives
undergraduate students a chance to learn about the Fed and monetary
policy," said Federal Reserve Chair Jerome H. Powell. "Fed
policymakers carefully consider incoming economic data and work
together to determine the best policy to pursue our dual mandate goals
of maximum employment and price stability. Through the Fed Challenge
experience, students go through similar deliberations and gain a
better understanding of the economy and the Fed's role in it. "
Teams were evaluated on their economic analysis, responses to
the judges' questions, teamwork, and presentations. The judges for the
final round were Lisheng Su, lead risk management specialist at the
Federal Reserve Bank of Chicago; Brian Doyle, deputy director of the
Board's Division of International Finance; and Robert Tetlow, a senior
adviser in the Board's Division of Monetary Affairs.
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media inquiries, please email [email protected] or call 202-452-2955.
Note: On November 22, 2024, Princeton Universityâs alternate
team members were added to the press release.