College Fed Challenge 2020 Winner Announcement | Summary and Q&A

1.1K views
December 4, 2020
by
Federal Reserve
YouTube video player
College Fed Challenge 2020 Winner Announcement

TL;DR

The 2020 College Fed Challenge winners are announced, with teams competing virtually due to the pandemic and impressing judges with their analysis of economic and financial conditions.

Install to Summarize YouTube Videos and Get Transcripts

Key Insights

  • 😤 The College Fed Challenge successfully adapted to the virtual format due to the pandemic, allowing more teams to participate.
  • 🤔 The competition highlighted the power and potential of policy and the need for innovative thinking.
  • 😮 The quality of submissions and the talent of the participants impressed the judges.
  • 😉 The winning teams demonstrated their strong knowledge, research skills, and ability to handle Q&A sessions effectively.
  • 🤗 Participating in the College Fed Challenge can open doors to career opportunities at the Federal Reserve.
  • ❓ The pandemic and its impact on the economy posed additional challenges for participants to address in their analysis and recommendations.
  • ❤️‍🩹 The announcement of winners marks the end of a successful and exceptional year for the College Fed Challenge.

Transcript

LAURA SHIPLEY. Hello, everybody. I'm Laura Shipley from the Board's Public Information Outreach team, and welcome to the 2020 National College Fed Challenge Winners Announcements. Welcome to the students and advisors who participated in this year's virtual challenge, and welcome to the many judges who scored the video Q&A and the finals for this co... Read More

Questions & Answers

Q: How did the College Fed Challenge adapt to the pandemic?

The competition moved to a completely virtual format, allowing more teams from different areas to participate. This online format also gave judges a new perspective on participants and their submissions.

Q: What were the criteria for judging the teams?

Judges considered the quality of presentations, visual materials, breadth of knowledge, coverage demonstrated, references to research literature, and responses during the Q&A session.

Q: What additional tasks did the teams have to address this year?

In addition to analyzing economic conditions and proposing monetary policy, teams also had to consider public health and COVID dynamics, examine 13(3) facilities, and critique the FOMC's new framework for monetary policy.

Q: Are there career opportunities at the Federal Reserve for participants?

Yes, the Board and Reserve Banks hire newly minted college graduates as research assistants, offering exposure to policy and academic research, attractive compensation, and benefits.

Summary & Key Takeaways

  • The College Fed Challenge, which requires teams to analyze economic and financial conditions and propose monetary policy, was held virtually this year.

  • Judges were impressed by the high caliber of submissions and the way students handled the question and answer portions of the competition.

  • The winners of the competition were Dartmouth College (first place), St. Lawrence University (second place), and Princeton University (third place).

Share This Summary 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from Federal Reserve 📚

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: