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Baruch Invited To Join “Fed Challenge”

New York, NY, August 16, 2006--The Federal Reserve Bank of New York has designated Baruch College as a participant in its rigorously competitive “Fed Challenge.” Student teams from 25 highly selective colleges will compete for a total of over $90,000, almost $50,000 of which is set-aside for the students themselves. The competition seeks to educate students on policy formation in the management of the nation’s money supply.

Student teams will research current economic events and present their findings and recommendations to a panel of professional economists and Federal Reserve officials acting as the Federal Open Market Committee. They will be judged on the quality of their presentation and their ability to effectively respond to questions from panel members.

The initial round of competition will be at the New York Federal Reserve Bank on November 7 and 17. The winner in that competition will proceed to the National competition in Washington, D.C. at the Federal Reserve Boards headquarters on November 27 and 28. The Baruch Economics and Finance Department is planning a preliminary training round among Baruch students in late October. Participation is encouraged among not only Economics and Finance majors, but all students interested in government policy formation.

Students interested in participating in this challenging and rewarding competition should visit the New York Federal Reserve Bank’s website or contact Professor Michael Carew at, or at extension 3488.


                                                                                  Lara Moon
                                                                      Communications & Marketing
                                                                               (646) 660-6093

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