FED – Federal Reserve announces College Fed Challenge winners

Dartmouth College won the 17th annual national College Fed Challenge on Friday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, & the role of the Federal Reserve System. The team, from Hanover, New Hampshire, represented the Boston Federal Reserve District & included Ayan Agarwal, Utsav Jalen, Kira Koehler, Tench Coxe, & Zach Olson. The team’s advisers were Elisabeth Curtis & C. Frank Zarnowski.

The College Fed Challenge was held virtually in 2020. Eighty five schools from across the nation submitted video presentations or participated in local virtual competitions starting on October 9, 2020. Eighteen semi-finalist teams participated in question-&-answer sessions held during the week of November 9, & six finalists were selected & their presentations & questions & answers reviewed to determine the winners. The other national finalists were second place: St. Lawrence University, third place: Princeton University, with honorable mentions for Miami University, Michigan State University, & Virginia Commonwealth University. College Fed Challenge is a team competition for undergraduate students. Teams analyze economic & financial conditions & formulate a monetary policy recommendation, modeling the Federal Open Market Committee.

“Teams at all levels of the competition demonstrated exceptionally high levels of commitment, determination, & motivation,” said FED Chair Jerome H. Powell. “I am hopeful that learning about how monetary policy fosters a strong economy might inspire further study & perhaps even future careers in the fields of economics & finance.”

Teams were evaluated on economic analysis, responses to judges’ questions, teamwork, & presentation. The judges for the final round of the competition were: Antulio Bomfim, Special Adviser to the Board, Monetary Affairs; Ellen Meade, Senior Adviser, Monetary Affairs & Special Adviser to Vice Chair Richard Clarida; Thomas Lubik, Senior Advisor, Economic Research & Policy, Federal Reserve Bank of Richmond; & Maggie Sklar, Senior Policy Advisor & Director of International Engagement, Financial Markets Group, Federal Reserve Bank of Chicago.

For media inquiries, call 202-452-2955

Source: Federal Reserves

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