Federal Reserve Announces College Fed Challenge Winners
Washington, D.C. – The Federal Reserve Board today announced the winners of its inaugural College Fed Challenge, a national competition that tested students’ understanding of monetary policy and economic conditions.
The first-place team was from the University of California, Berkeley, which received a $50,000 prize. The second-place team was from the University of Maryland, College Park, which received a $25,000 prize. The third-place team was from the University of Michigan, Ann Arbor, which received a $10,000 prize.
The College Fed Challenge was open to undergraduate and graduate students at accredited colleges and universities in the United States. Teams of three to five students were asked to analyze current economic conditions and present their recommendations for monetary policy to a panel of Federal Reserve economists.
The competition was judged by a panel of Federal Reserve economists, including Governor Michelle W. Bowman, Vice Chair of Supervision Michael S. Barr, and Vice Chair of the Board of Governors Lael Brainard.
The Federal Reserve created the College Fed Challenge to encourage students to learn about monetary policy and economic conditions and to consider careers in economics and finance.
“The College Fed Challenge is a great way for students to learn about monetary policy and economic conditions, and to develop their critical thinking and communication skills,” said Governor Bowman. “We are impressed by the quality of the presentations and the depth of knowledge of the students who participated in the competition.”
The College Fed Challenge is part of the Federal Reserve’s broader efforts to promote economic literacy and to engage with students and educators. The Federal Reserve also offers a variety of other educational resources, including online courses, teacher training programs, and public lectures.
For more information on the College Fed Challenge, please visit the Federal Reserve’s website at www.federalreserve.gov/education.
Federal Reserve announces College Fed Challenge winners
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