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St. John's Competes in College Fed Challenge

Monday, November 16, 2015

A team of Tobin College of Business and St. John’s College students represented St. John’s University in the Federal Reserve's College FED Challenge on October 30, 2015 in New York City. 

Co-captains Evgenia Vasilyeva and Paige Shatola led the team as they conducted original research; collected, collated and graphed data; looked for macroeconomic trends and imbalances; evaluated forecasts; and designed a monetary policy strategy to correct for macroeconomic imbalances and perceived risks to the U.S. economy. Team members included Vincent Amoia, Kavya Dasari, Joanna Estanislao, Jairo Perez, Federico X. Ruiz, Alissa Santolo, and Sadezia Ulcena. Dr. Joyce Furfero served as the team’s faculty advisor. 

Five of the team members and an alternate traveled to the New York Fed to make the 15-minute presentation of their findings and recommendations to a two-judge panel. Following the presentation, the judges conducted a Q&A. 

“We had an amazing team of hard-working intellectuals who put a lot of effort and time into the presentation,” said Evgenia Vasilyeva, team co-captain. “I've not only gained experience directly related to my management major, but also acquired a thorough understanding of monetary policy, which is necessary to navigate the business world.”

“It was an exceptional experience to work with the team and Dr. Furfero and I’m really thankful to Dr. Furfero for letting me be a part of this wonderful group,” boasted presenter Kavya Dasari. Joanna Estanislao, the team alternate, added, “I definitely learned more about monetary policy. The Federal Reserve Challenge made me think about my future and career options! I hope I can work at the Fed one day!”

St. John’s University has participated in the Federal Reserve College FED Challenge for 11 years. The purpose of the Challenge is to encourage students to learn more about the US macro-economy, the Federal Reserve, and monetary policy.