Newark Academy Federal Reserve Challenge Team Wins Bracket, Named Group Champion

The Newark Academy Federal Reserve Challenge team participated remotely in the preliminary round of this year's High School Federal Reserve Challenge, organized by the Federal Reserve Challenge Bank of New York on Wednesday, March 12, winning their bracket and named a group champion. The team members were seniors Eric Lieberman, Sophia Chen and Andrew Pulver, and juniors Emily Tang and Spencer Loh. During their 30-minute presentation, students discussed what action they would take if they were members of the Federal Open Market Committee (a crucial part of the Federal Reserve System responsible for setting monetary policy) in the current economy, and then took questions from a Fed monetary policy expert. This required the students to present, analyze and evaluate economic data before explaining their policy recommendations.
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An independent school for students in grades 6-12