Christopher Newport University (CNU), Newport News, Va., won the preliminary round of the College Fed Challenge Competition held Nov. 13 at the Federal Reserve Bank of Richmond. The team included students Mark Bock, Cynthia Gasch, Amber Kazlauskas, Jeff Pfeiffer and Josh Smith, and was coached by Professor Robert Winder. CNU will advance to the Fifth District championships in Richmond on Nov. 16, and compete against the winners from the Baltimore and Charlotte offices.
The Richmond Fed's competition also included teams from the following Virginia schools: Bridgewater College, James Madison University, Liberty University, Old Dominion University, Roanoke College, University of Richmond, University of Mary Washington, Virginia Commonwealth University, and Virginia Union University.
Students delivered 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Richmond Fed judges included Economists Andreas Hornstein, Ray Owens, John Walter and Alex Wolman; Economic Education Manager, Melanie Rose; and Laura Fortunato, Jim Strader and Martha Valz of Corporate Communications.
Bridgewater College, Old Dominion University and Liberty University were finalists in the competition.
The Richmond Fed sponsors College Fed Challenge, a regional academic competition, to encourage better understanding of the nation's central bank, the forces influencing economic conditions in the United States and abroad, and the ways the economy affects everyone. For more information, contact your local Federal Reserve Bank or call 1.877.FED.CHLG.
The Richmond Fed serves the Fifth Federal Reserve District, which includes the District of Columbia, Maryland, North Carolina, South Carolina, Virginia and most of West Virginia. As part of the nation's central bank, we're one of 12 regional Reserve Banks that work together with the Federal Reserve's Board of Governors to strengthen the economy and our communities. We manage the nation's money supply to keep inflation low and help the economy grow. We also supervise and regulate financial institutions to help safeguard our nation's financial system and protect the integrity and efficiency of our payments system.