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Bentley a Finalist in Federal Reserve Bank College Fed Challenge

November 17, 2007

Bentley made the final round of competition in the Federal Reserve Bank of Boston College Fed Challenge on November 7. Bentley competed against 13 other area schools, including Boston College, Boston University, Harvard University, Massachusetts Institute of Technology and Tufts. Professor of Economics David Gulley advised the team, which included seniors Shantanu Daga, Tyler Heishman, Bryan Stinchfield, Kimiko Tanaka and Dan Watson

Competing teams were required to do a 20-minute presentation and a 15-minute question-and-answer session led by a panel of judges comprised of economics professionals, college faculty and Fed officials. The presentations included a discussion of current economic and financial conditions; near-term forecast of economic and financial conditions that affect monetary policy; identification of risks that threaten the economic well-being of the country; and recommendation as to the action the Fed should take with regard to short-term interest rates.

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. Observes Fed Chairman Ben Bernanke: "I can attest that the economic knowledge displayed by students in The Fed Challenge is remarkable indeed."

Type: Campus News