Chantilly High School students won the preliminary round of the Federal Reserve’s 2009 High School Fed Challenge competition held at the Baltimore Branch on April 1 and 2. The winning team included Sarah Germain, Marisa Reed, David Harsh, Matthew Litton, Suraj Malladi, and Muhammed Shakeri, alternate, and Jack Carlson, team assistant. The team was coached by Joe Clement.
Urbana High School in Ijamsville, Md., and the Severn School in Severna Park, Md., were finalists. Urbana’s team included Julia Klein, Spencer Knoll, Nick Weadock, Alma Rashid, Patrick Georgi, alternate Talhah Ahmad and coach Nathan Kachur. Severn’s team included Logan McNamara, Wes Clagett, Felix Hong, Ben Montgomery, Amanda Roche, alternate Lillie Cartwright and coach John Bodley.
Also participating in the day-long event were the Maryland teams of Applications and Research Laboratory in Ellicott City, Thomas S. Wootton High School in Rockville, and Frederick High School and Tuscarora High School in Frederick, as well as Forest Park High School in Woodbridge, Va., and St. Albans School in Washington, D.C.
Judges for this year’s competition included R. Andrew Bauer, regional economist for the Baltimore Branch, and Raymond Owens, senior economist from the Richmond Office, and Mary Ann Hewitt, executive director for the Maryland Council on Economic Education. Bauer and Owens rated the teams on their knowledge of the Federal Reserve, the current state of the economy and monetary policy, as well as research, analysis and responses during a 10-minute Q&A session. Hewitt rated the teams on the quality of their presentation and teamwork.
Chantilly High School will compete on April 14, against the winners of the Richmond and Charlotte competitions. The Fifth District winner advances to the National Finals held at the Federal Reserve Board of Governors in Washington, D.C., on May 19.
The Federal Reserve sponsors Fed Challenge to encourage better understanding of the nation’s central bank and the forces influencing economic conditions in the United States and abroad. For more information on Fifth District economic education programs visit our website.
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.