NY Fed Challenge

The High School Fed Challenge is a competition designed to bring real-world economics into the classroom. Teams play the role of monetary policymakers by analyzing economic conditions and recommending a course for monetary policy.

Teams can compete in one of two divisions–Maiden Lane or Liberty Street–depending on the level of economics-related courses taken by students. Leading up to the competition, New York Fed staff will be hosting orientations and a boot camp for students as well as providing online resources to aid students as they prepare for the competition.

The High School Fed Challenge is designed to meet the following goals:

  • To increase understanding of macroeconomics and the Federal Reserve's role in setting U.S. monetary policy and ensuring financial stability,
  • to promote interest in economics as a subject for study and the basis for a career, and
  • to foster a cooperative relationship among students, teachers and the New York Fed.


  • Teams will be sent a case study describing hypothetical economic conditions four weeks prior to the competition day.
  • Teams must prepare and deliver a 15-minute presentation on their analysis of the case study with a monetary policy recommendation based on their analysis.
  • There will be a Q&A session following the presentation.