Northwestern University Wins Fed Challenge Regional Competition
CHICAGO - A team of five students from Northwestern University won the regional college Fed Challenge competition held at the Federal Reserve Bank of Chicago November 1. The team will represent the Chicago Fed’s Seventh District in the national college Fed Challenge competition held in Washington D.C. on November 30th.
Other finalists in the regional competition were the University of Iowa, the University of Illinois at Chicago, the University of Notre Dame and Albion College.
The Fed Challenge was developed to encourage greater awareness of how the U.S. economy functions and the role of the Federal Reserve in the economy. Each team is required to analyze current economic data, develop a monetary policy recommendation and defend that recommendation in front of a panel of judges. The team prepares a 35-minute presentation, which includes a 20 minutes on the economy and a 15-minute period where students answer questions from the judges.
The competition is coordinated by the University of Illinois at Chicago and sponsored by the Chicago Fed. This year, twenty teams participated from universities across the region. Participating schools included:
|Northwestern University||Wayne State University|
|University of Chicago||Michigan State University|
|University of Iowa||University of Wisconsin|
|Notre Dame||University of Michigan|
|Ball State University||Eastern Michigan University|
|Grand Valley State University||Indiana/Purdue University|
|Marquette University||University of Illinois at Chicago|
|University of Northern Iowa||University of Wisconsin - Oshkosh|
|Xavier University||Western Illinois University|