team powellThe 2018 Rutgers College Fed Challenge Team with Jerome Powell, Chairman of the Federal Reserve. From left to right: Dan Milo, Ashton Welles, Samantha Mead, Mihir Trivedi, Jerome Powell, Emmanuel Kanellos, and Jeffrey Rubin.

The College Fed Challenge is an economics competition in which teams of college students prepare a presentation in which they assess the state of the economy and financial conditions and develop recommendations for monetary policy. The teams present their findings and recommendations before a panel of distinguished economists from the Federal Reserve Bank of New York who question the students on their analysis. The winners of the New York district travel to the Washington, DC competition at the Board of Governors of the Federal Reserve System where they compete against teams of students from four other Federal Reserve districts.

Rutgers has won the district competition four times (2003, 2004, 2016, 2018) and the national competition once (2016). The team is advised by Jeff Rubin, Professor Emeritus of Economics and Ray Stone, a Rutgers PhD in economics and currently a part time lecturer in economics.

Students interested in participating the Rutgers Fed Challenge program should contact This email address is being protected from spambots. You need JavaScript enabled to view it.. Click for more information about the College Fed Challenge from the Federal Reserve Bank of New York and here for resources from the Board of Governors.

Recent Rutgers College Fed Challenge history

2018 (Team shown above with Federal Reserve Chair Jerome Powell):

Rutgers team wins Second Place in National Competition,"Press Release"

The Rutgers College Fed Challenge came in second to the winning team from Yale University at the National College Fed Challenge Competition.

Rutgers team wins District Competition, "Press Release"

A team of Rutgers students topped students from Columbia University in the finals of the New York District Finals of the College Fed Challenge.

2016 (Team shown below with Federal Reserve Chair Janet Yellen):

Rutgers team wins National Competition, "Press Release"

A team of very talented students from Rutgers University beat tough competition from Princeton University, Dartmouth College, the University of Chicago and Appalachian State University to take the National Championship in the 2016 College Fed Challenge. The Rutgers team won the New York regional competition to advance to the national competition.

Video of interview of winning team on Bloomberg TV

Press release from the Board of Governors

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