The Fed Challenge
Fed Building, Washington, D.C.
The Fed Challenge program is an academic competition designed to expand student's understanding of the role of the Federal Reserve System in the economy and the importance of Federal Open Market Committee decisions. A Fed Challenge team is composed of three to five presenters, one to two faculty advisors, and any alternates or research assistants to the presenters. The team is responsible for crafting a 15 to 20 minute presentation in which they analyze the current economic situation, suggest future economic prospects, identify significant issues in need of special attention, and provide a policy recommendation. Following the presentation, the presenters will field questions from a panel of judges. Teams will be judged on how well they demonstrate (both in the presentation as well as the question and answer session) knowledge of monetary policy and the role of the Fed in policy implementation. The winner of the district competition, which is held at the Richmond Fed, will move on to the national competition at the Federal Reserve Bank of New York.