Collegiate School students won the preliminary round of the Federal Reserve’s 2009 High School Fed Challenge competition held March 20, at the headquarters office in Richmond. This year’s winning team included Margaret Barton, Alex Daniel, Randall Drumheller, Harrison Roday, Morgan Tarrant and alternate, Shannon O’Donnell. The team was coached by Robert Wedge.
High school students from St. Catherine’s and Trinity Episcopal in Richmond, Va., also participated in the day-long event. The teams were rated 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. Judges included Senior Economist Kartik Athreya, Research Vice President Andreas Hornstein and Senior Economist and Research Advisor John Walter. Economic Education Manager Melanie Rose evaluated the teams on the quality of their presentation and teamwork.
On April 14, Collegiate will compete against the winners of competitions held in Baltimore, Md., on April 1-2 and in Charlotte, N.C., on March 24. The Fifth District winner advances to the National Finals to be held May 19, 2009 at the Federal Reserve Board of Governors in Washington, D.C.
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 Web site.
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.