Pace University Wins 11th Annual National College Federal Reserve Board Challenge

NEW YORK, NY — Pace University won the 11th annual national College Federal Reserve Challenge on December 2; a competition that tests students’ understanding of the U.S. economy, monetary policymaking and the role of the Federal Reserve System.

The finals were held in Washington, DC, as the capstone to five district competitions held around the country. Undergraduate teams competed in their local Reserve Bank Districts, and top teams moved on to the finals. The other national finalists were second-place Princeton University, and, with honorable mentions, Bentley University, the University of Chicago, and the University of North Carolina at Chapel Hill. The Pace University team had placed first in the semi-final New York regional competition, ahead of 35 other teams in the region. Pace’s win was the first for the NY Fed District in the history of the College Fed Challenge.

The Pace Team represented the New York Federal Reserve District and included Dyson College Economics majors Kelsey Berro (co-captain), Jordan Jhamb (co-captain), Julia Mikhailova, Katherine Craig, Lauren Price and Daniella Gambino. The team was coached by Economics professors Mark Weinstock, Gregory Colman and Anna Shostya, faculty members from the Department of Economics in the Dyson College of Arts and Sciences at Pace’s New York City campus. Berro and her professors have been part of winning College Fed Challenge teams since 2012, when Pace first won the New York District challenge and advanced to the national level.

Participating teams analyze economic and financial conditions and formulate a monetary policy recommendation, modeled on the work of the Federal Open Market Committee. Teams competing in the finals gave 15-minute presentations and answered questions for a panel of senior Federal Reserve officials.

“Students' participation in the Fed Challenge adds to their understanding of the economy and the Federal Reserve's role, and, I hope, spurs some students to pursue further study of economics and finance. In addition, the research, analytical and communication skills that participants gain through their preparations will help them in whatever careers they choose,” says Federal Reserve Board Chair Janet L. Yellen.

“Our students demonstrated the quality, hard work and commitment to success that characterizes education at Pace,” President Stephen J. Friedman says. “This victory graphically illustrates the competitive advantage and professional experience offered to students who choose the Pace Path. The result is a group of students who are more effective at graduation; they understand how to deal with major challenges and achieve long-term career success.”

About Pace University
Since 1906, Pace University has educated thinking professionals by providing high-quality education for the professions on a firm base of liberal learning amid the opportunities for professional experiences offered by the New York metropolitan area. A private university, Pace has campuses in New York City and Westchester County, NY, enrolling nearly 13,000 students in bachelor’s, master’s and doctoral programs in its Lubin School of Business, Dyson College of Arts and Sciences, College of Health Professions, School of Education, School of Law and Seidenberg School of Computer Science and Information Systems.

Featured

  • Allegion US Partners with Two Colleges for Mobile Credential Technology

    Allegion US recently announced a partnership with Florida Institute of Technology (FIT) and Denison College, in conjunction with Transact + CBORD, to install mobile credential technologies campus-wide, according to a news release. Implementing Mobile Student ID into Apple Wallet and Google Wallet will allow students access to campus facilities, amenities, and residence halls using just their phones.

  • AP Construction Breaks Ground on Two Projects for Austin ISD

    Adolfson & Peterson Construction (AP) recently announced that it has broken ground on two renovation projects for the Austin Independent School District, according to a news release. The work at McCallum and Anderson High Schools totals 97,350 square feet and is scheduled for completion in January 2027.

  • Design Firm Populous Acquires Fentress Architects

    Design firm Populous, which specializes in sports and entertainment venues, recently announced its acquisition of Fentress Architects, based in Denver, Colo., according to a news release. Fentress’ primary focus is aviation projects and public buildings like museums, convention centers, and government facilities

  • New Kent State Academic Building Earns LEED Silver Certification

    Kent State University in Kent, Ohio, recently announced that its newest academic building, Crawford Hall, has earned a LEED Silver certification from the U.S. Green Building Council, according to a news release. The facility was recognized for its innovative design, water conservation technologies, energy-efficient systems, and sustainable construction materials, among other features.

Digital Edition