American University won the preliminary round of the College Fed Challenge competition held November 1 at the Federal Reserve Bank of Richmond’s Baltimore branch. The team included students Ayesha Cooray, Peter Blankenship and Zachary Smith and was coached by professor Evan Kraft. American University will advance to the Fifth District championship in Richmond on November 13 and compete against the winners chosen in competitions at the Fed’s Richmond and Charlotte offices.
McDaniel College and the University of Maryland Eastern Shore were finalists in the competition, which also included teams from Loyola University, Mount St. Mary’s University, Notre Dame of Maryland University and Salisbury University.
Students delivered 20-minute presentations on monetary policy and were scored on content, teamwork, responses to questions, presentation and style. Judges included Richmond Fed economists R. Andrew Bauer and Ray Owens, along with Deborah Batchelor and Bruce Damasio, both of the Maryland Council on Economic Education.
The College Fed Challenge is 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. More information is available at richmondfed.org/education.
American University, Winner
Pictured left to right are: Ayesha Cooray, Peter Blankenship, Zachary Smith and professor Evan Kraft
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.
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