Student members of the Grand Valley State University Economics Club will be competing in the "Fed Challenge" at the Chicago Federal Reserve Monday, November 9. About 23 teams will be participating. Professor Dan Giedeman, club advisor, will accompany the students to the competition and serve as a judge.
The College Fed Challenge is a program that provides university and college undergraduates with an opportunity to experience the Federal Reserve's policy making process. Teams of three to five students have 20 minutes to present an analysis of the current U.S. economy, present a short-term forecast, and make a monetary policy recommendation. The team then defends its view before a panel of professional economists in a 15-minute question and answer session.