Press Release

New York Fed Hosts College Fed Challenge Tournament for would-be Monetary Policy Makers

November 19, 2003

NEW YORK – On Monday, November 24, 12 college teams from New York and New Jersey will participate in the College Fed Challenge. The teams are: Barnard/ Columbia, Bloomfield, Centenary, CUNY-Queens, Marist, NYU-Stern, Pace, Rutgers, St. Francis, Seton Hall, SUNY- Binghamton, and SUNY- Geneseo. In this competition for undergraduate business, finance, and economics students, each team makes a 15-minute presentation in which it analyzes current economic conditions and recommends an appropriate Fed policy stance. The judging panel, made up of Wall Street economists and senior Fed officials, then engages the team in a 15- minute Q & A session after which the performance is scored.

As part of its goal to promote economic and financial literacy, The Moody’s Foundation, a charitable foundation established by Moody’s Cooperation, will award the winning and runner-up teams in the 2003 competition a total of $80,000 in awards.

The public is invited to attend the finals of the competition involving the top three teams, to be held on Monday, November 24, 2003, from 1:00 P.M.—3:30 P.M., at the Federal Reserve Bank of New York, 33 Liberty Street (Manhattan)

Contact:
Linda Ricci
(212) 720-6143
linda.ricci@ny.frb.org