James Madison University, of Harrisonburg, Va., won the preliminary round of the College Fed Challenge Competition held Oct. 26 at the Federal Reserve Bank of Richmond. The team included students Daniel Plasters, Andrew Marshall, Lauren Crawley, Anna Pickeral, Bradley Reeser and Andrew Elgert, and was coached by Professor Phil Heap. JMU will advance to the Fifth District championship in Richmond on Nov. 16, and compete against the winners from the Baltimore and Charlotte branches.
Liberty University and Virginia Commonwealth University were finalists in the competition.
The Richmond Fed's competition also included teams from the following Virginia schools: Bridgewater College, Christopher Newport University, Lynchburg College, Old Dominion University, Roanoke College, University of Richmond, University of Mary Washington and Virginia Union University, as well as Marshall University of Huntington, W.Va.
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 Huberto Ennis, Andreas Hornstein, Thomas Lubik, Matt Martin, John Walter and Alex Wolman; Economic Education manager Melanie Rose; Kiran Krishnamurthy of Corporate Communications; and Joan Coogan and William Perkins of the Research Library.
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. Visit our Web site for more information.
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.