Fed Challenge

It's time to begin preparing for the 2013 Fed Challenge. The dates for the 2013 Fed Challenge Competitions have been announced. The Michigan Statewide Fed Challenge will be held from 9:00 a.m. to 2:00 p.m. at our Detroit Branch on April 16, 2013.

 

The Midwest Fed Challenge Finals will be held on Chicago from 9:00 a.m. until 4:00 p.m. on April 29, 2013.

 

Registration for both events closes on March 31, 2013.

 

Thanks to all of our great teams. In our book, you all have what it takes to be future members of the Federal Open Market Committee. Our judges enjoyed all of your presentations and had a difficult time selecting. This year's winners are:

 

First: St. Joseph High School, South Bend, Indiana (pictured left)

 

Second: Nicolet High School, Glendale, Wisconsin

 

Thanks to all for participating; we look forward to 2013.

 

 

 

High school student teams from District schools take part in a simulated FOMC meeting. Each team of five students takes 15 minutes to analyze the U.S. economy, presents a short-term forecast for the economy, and makes a monetary policy recommendation. The team must then defend its presentation before a panel of Fed economists in a 10-minute question-and-answer session.

Each participating Federal Reserve district (currently four of the 12 districts) selects a champion, based on competitions within its district. The champions are all flown to Washington, D.C. to take part in the national Fed Challenge competition.

Fed Challenge students:

• Analyze real data and use industry tools to assess the US economy
• Develop a simulation to showcase assessment and recommendations
• Gain exposure to professional economists from the Chicago Fed and sister organizations
• Be evaluated on quality of teamwork
• Develop critical thinking skills in preparation for live question and answer session with professional economists
• Make personal connections that will last beyond high school

By the Partnership for 21st Century Skills

1. Focuses on 21st Century Skills, content knowledge and expertise.
2. Builds understanding across and among core subjects, as well as 21st Century interdisciplinary themes.
3. Emphasizes deep understanding, rather than shallow knowledge.
4. Engages students with the real world data, tools and experts that they will encounter in college, on the job and in life: Students learn best when actively engaged in solving meaningful problems.
5. Allows for multiple measures of mastery.