NEW YORK—Pace University won the 11th annual national College Fed Challenge this week, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System.
The team, from New York, N.Y., represented the New York Federal Reserve District and included Kelsey Berro, Katherine Craig, Jordan Jhamb, Julia Mikhailova, Lauren Price, and faculty adviser Gregory Colman.
The finals were held in the board room at the Board of Governors as the capstone to five district competitions held around the country. The other national finalists were, second place, Princeton University, Princeton, N.J., with honorable mentions for Bentley University, Waltham, Mass.; University of Chicago, and University of North Carolina at Chapel Hill.
College Fed Challenge is a team competition for undergraduate students. Teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeling the Federal Open Market Committee.
Teams competing in the finals gave 15-minute presentations and answered questions for a panel of judges. Teams were judged on economic analysis, responses to judges' questions, teamwork, and presentation.
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