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Last Updated: 11/10/10

News Release: Regional College Fed Challenge Winning Team

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
Albion College       

To learn more about the Fed Challenge, visit the Chicago Fed’s website.

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