The Pace University team competing in the College Federal Reserve Challenge won second place honors in the final round of the New York Federal Reserve Bank’s competition. The team beat out teams including Rutgers (New Brunswick), West Point, NYU, Princeton and 26 other colleges in the first round of the competition. In the semi-finals Pace beat out St. Johns and Columbia. In the final round, Pace bested Cornell and Hamilton. The first place winner was Rutgers(Newark).
The team consisted of team captain Anthony Galarza (Business Economics and Finance, BS, BBA), Bethany Rolfs (Economics, BA), Sofya Sternik( Economics and Mathematics, BA), Nashrah Ahmed (Business Economics, BS) and Daniel Boutarel (Business Economics, BS).
The Team was coached by Professors Colman, Shostya and Weinstock. Team participation is available as a 3 credit, writing enhanced economics elective. All majors are welcome.
The College Federal Reserve Challenge is a national academic competition consisting of a 15 minute economic presentation followed by a 15 minute question and answer period. During the Q&A students address questions about finance, economics, banking and monetary policy administered by a panel of professional economists from the New York/New Jersey area who work at the New York Fed.
The Pace team is an award winning group, having frequently finished in the finals and semi-finals over the last 10 years. Team members enjoy unusually high levels of career and academic success after graduation.