Queens Gateway Students win Fed Challenge
By: Anna Wheatley
June 2005

A team of students from Queens Gateway won the 2005 New York City Alternative League Championship at a competition held on April 15. Sponsored by The Federal Reserve of New York, the Fed Challenge invites high school teams to enter a multilevel national competition that is designed to bring real-world economics into the classroom. The Fed Challenge consists of a 25-minute performance-based assessment including a 15-minute presentation on the state of the national economy. Students used key current economic indicators and conclude with a ten-minute question- and-answer session. The five member team won a $2,000 grant that will be used to endow a $250 scholarship from the Class of 2005 for graduating students in future years.

The Fed Challenge was established in 1995 to promote among students a greater understanding of economics and the role of the Federal Reserve in the economy, and to help schools develop the next generation of economists. The competition is sponsored by the Fed’s Board of Governors and the eight regional Federal Reserve banks.