The Benjamin H. Griswold III, Class of 1933, Center for Economic Policy Studies funds economic policy-related research projects within Princeton’s Department of Economics.

National College Fed Challenge Competition

The College Fed Challenge is an annual competition hosted by the Board of Governors of the Federal Reserve System and the Federal Reserve Banks. Teams analyze current economic and financial conditions, and formulate a monetary policy recommendation modeling the Federal Open Market Committee (FOMC). The College Fed Challenge began in 2004, and Princeton’s team transferred sponsorship from the Federal Reserve Bank of New York to the Federal Reserve Bank of Philadelphia in 2010. College Fed Challenge Orientation Video.

The College Fed Challenge aim is “to encourage students to learn more about the U.S. economy, the Federal Reserve System, and the implementation of monetary policy.” Team members broaden their knowledge about economics and policy-making, conduct rigorous academic research, meet like-minded peers, and learn from experienced central bank officials. Throughout the year, members engage in discussions about macroeconomics and monetary policy. In addition, members benefit from resources and support provided by the Griswold Center for Economic Policy Studies (GCEPS).

Alan Blinder, GCEPS founder and former co-director, Carolyn Wilkins, GCEPS senior research scholar, and William Dudley, GCEPS senior advisor, serve as team advisors. The challenge consists of regional and national rounds taking place from October to December, and Princeton’s team has achieved excellent performances, including first nationally in 2022.

All undergraduates interested in economics and policy regardless of their concentration are most welcome! Contact Bracklinn Williams ’25 bracklinn@princeton.edu and Daniel Sozanski ’26 ds7404@princeton.edu for application-related questions.

Applications for the 2024-25 Fed Challenge Team are now open! Fill out this interest form by Sunday March 31st 11:59 PM ET.

2023 College Fed Challenge Team

2023 National finalists, Second Place 
107 schools submitted video presentations or participated in local virtual competitions; Eighteen semi-finalist teams participated in question-and-answer sessions, and six finalists were selected and their presentations and questions and answers reviewed to determine the winners.
Federal Reserve Press Release
Presenters: Shirley (Yilin) Ren ’24 (co-captain), Lauren Fahlberg ’24 (co-captain), Eleanor Clemans-Cope ’26, Elliot Lee ’26, Bracklinn Williams ’25, and Daniel Sozanski ’26 (alternate)
National College Fed Challenge 2023 Awards Ceremony


2023 Team Photo


2023 Team Photo with Chair Jerome Powell (absent, Bracklinn Williams) at the College Fed Challenge Open House, Federal Reserve Board of Governors, Washington, DC, 2/9/24. Photo credit: Board of Governors of the Federal Reserve System.

Prior College Fed Challenge Teams

2022 National finalists, Winners
Eighty-four schools submitted video presentations or participated in local virtual competitions; Eighteen semi-finalist teams participated in question-and-answer sessions, and six finalists were selected and their presentations and questions and answers reviewed to determine the winners.
Federal Reserve Press Release
Economics Department Student News: Princeton Students Win First Place in 2022 College Fed Challenge
Presenters: Shivani Prusty ’23 (co-captain), Shirley (Yilin) Ren ’24 (co-captain), Lauren Fahlberg ’24, Noah Harrigan ’24, and Richard Zhu ’23


2022 Team Photo

2021 National semifinalists
Seventy-four schools submitted video presentations or participated in local virtual competitions; Eighteen semi-finalist teams participated in question-and-answer sessions, and six finalists were selected and their presentations and questions and answers reviewed to determine the winners.
Presenters: Leland Domaratzky ’22 (co-captain), Shivani Prusty ’23 (co-captain), Noah Harrigan ’24, Allen Liu ’22, Justin Ong ’23, and Shirley (Yilin) Ren ’24

2021 Team Photo

2020 National finalists, Third Place
Eighty-five schools submitted video presentations or participated in local virtual competitions; Eighteen semi-finalist teams participated in question-and-answer sessions, and six finalists were selected and their presentations and questions and answers reviewed to determine the winners.
Presenters: Stephanie Hu ’21 (co-captain), Aditya Shah ’21 (co-captain), William Carpenter ’21, Leland Domaratzky ’22, and Shivani Prusty ’23

2020 Team Photo

2019 Philadelphia District, Second Place
Presenters: Philip Cornell ’20 (co-captain), Nicholas Garvey ’20 (co-captain), Leland Domaratzky ’22, Stephanie Hu ’21, David Selwood ’20, and Aditya Shah ’21

2019 Team Photo

2018 Philadelphia District, First Place; National finalists, Honorable Mention
Presenters: Eitan Sapiro-Gheiler ’19 (captain), Philip Cornell ’20, Nicholas Garvey ’20, Brighie Leach ’19, Isabel Leigh ’19, and Nicholas Ritter ’20

2018 Team Photo

2017 Philadelphia District, First Place; National finalists, Honorable Mention
Presenters: Sara Diressova ’18 (co-captain), Eitan Sapiro-Gheiler ’19 (co-captain), Brighid Leach ’19, Wyatt Navarro ’18, Melissa Reed ’18, and Brandon Tan ’19

2017 Team Photo

2016 Philadelphia District, First Place; National finalists, Honorable Mention
Presenters: Ararat Gocmen ’17 (captain), René Chalom ’17, Sara Diressova ’18, Wyatt Navarro ’18, Melissa Reed ’18, and Andrew Tynes ’17

2016 Team Photo

2015 Philadelphia District, First Place; National finalists, Honorable Mention
Presenters: Joseph Atlas ’16 (captain), Evan Soltas ’16 (captain), Nassim Fedel ’16, Ararat Gocmen ’17, David Perlman ’16, and James Siderius ’16

2015 Team Photo

2014 Philadelphia District, First Place; National finalists, Second Place
Presenters: Joseph Atlas ’16 (captain), Nassim Fedel ’16, Ararat Gocmen ’17, David Perlman ’16, James Siderius ’16, and Evan Soltas ’16

2014 Team Photo

2013 Philadelphia District
Presenters: Joseph Atlas ’16 (co-captain), James Siderius ’16 (co-captain), Alexander Daifotis ’14, Ararat Gocmen ’17, David Perlman ’16, and Evan Soltas ’16