National Fed Challenge

The National Fed Challenge is an academic competition that provides high school students (grades 9-12) with an insider's view of how the United States central bank, the Federal Reserve, makes monetary policy.

The Fed Challenge begins with regional and district rounds of competition. Each Fed Challenge team, consisting of three to five students, presents an analysis of the current state of the economy backed by current economic data and a monetary policy recommendation for the Federal Open Market Committee (FOMC). Following the presentation, judges question each team about their presentation and their knowledge of macroeconomic theory. Federal Reserve Bank economists and officers judge the district competitions.

One Fed Challenge team from each of the four participating Federal Reserve Districts competes at the national competition in Washington, D.C. FOMC members — Federal Reserve Governors and Reserve Bank Presidents — judge the national finals.

The competition was created in 1994 by Lloyd Bromberg, the Director of Education Programs at the New York Fed.

Since its peak in 1998 with ten district participants, the Federal Reserve Challenge participation has shrunk to three district participants (as of 2010). In 2009, the National Finals consisted of Choate Rosemary Hall (Boston District), Brebuef Jesuit Preparatory Academy (Chicago District), Montclair High School (New York District), and Collegiate School (Richmond District).

Previous Fed Challenge National Champions

2010, St. Joseph's High School, South Bend, Indiana 2009, Choate Rosemary Hall, Wallingford, Connecticut 2008, Little Rock Central High School, Little Rock, Arkansas 2007, Little Rock Central High School, Little Rock, Arkansas"Central High Team Takes Top Honors in National "Fed Challenge"", Federal Reserve Bank of St. Louis press release dated May 22, 2007. Accessed August 5, 2007. "A team of students from Little Rock Central High School won first place in the Fed Challenge, a national economics competition sponsored by the Federal Reserve System." 2006, Severn School, MarylandSevern School Wins the Fed Challenge National Championship, Federal Reserve Bank of Richmond News Release, dated May 2, 2006. 2005, Pittsford Mendon High School, New York 2004, Rumson-Fair Haven Regional High School, New Jersey 2003, Severn School, Maryland 2002, Maggie L. Walker Governor's School for Government and International Studies, Virginia 2001, Montclair High School, New Jersey 2000, Midland High School, Texas 1999, University School of Milwaukee, Wisconsin 1998, Bryan High School, Texas 1997, Bryan High School, Texas 1996, Bryan High School, Texas

National Fed Challenge

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