INSIDE BINGHAMTON UNIVERSITY
Binghamton Students Excel in College Fed Challenge
The team, sponsored by the Department of Economics and the Harpur College Dean’s Office, included Jason Dilmanian, Sonya Pal, Keila Yamamoto-Felten, Kathy Lashko, Yuri Prokhorov, David Lee, Christopher Powell and Alice Li. Kenny Christianson, lecturer in economics, served as the team advisor.
The College Fed Challenge is intended to help students become more knowledgeable about the Fed and the decision-making process of the Federal Open Market Committee -- the Federal Reserve's monetary policy-setting group.
Each team made a 20-minute presentation on current economic and financial conditions, including a near-term forecast of conditions that affect monetary policy, identification of risks that threaten the country’s economic well-being and recommendations on what the Fed should do concerning short-term interest rates. A 15-minute question and answer period followed.
Judges, including economics professionals, faculty and Fed officials, scored each team on its knowledge of the Federal Reserve's role in developing and implementing monetary policy, responses to questions, presentation skills, quality of research and analysis and evidence of team work and cooperation.
The other teams in the competition were Pace, Boston College, NYU-Stern, Cornell, Northeastern, Fordham, Barnard/Columbia, St. Francis, Queensborough, SUNY Geneseo, Bloomfield, Centenary, Niagara, Fairfield, Sacred Heart, Nyack, Rutgers, Marist and Seton Hall. Rutgers took first place, followed by SUNY Geneseo, Boston College and Binghamton.