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Bloomfield students compete in College Fed Challenge

By: Andrew Mees, Director of College and Athletics Communications    communications@bloomfield.edu

A trio of Bloomfield College students represented the institution in one of the area’s top academic contests Nov. 4, as Nadine Richardt, Sharif Thomas and Alton Drummond participated in the Federal Reserve Bank of New York’s annual “College Fed Challenge” in Manhattan.

A team competition for undergraduate students, the Challenge’s annual goal is to encourage students to learn about the U.S. macro economy, the Federal Reserve System and the implementation of monetary and financial stability policy.

Teams (which consisted of three-to-five students and one Faculty Advisor) were asked to work together to research and analyze current economic data, develop a forecast and review potential risks. They then created a presentation and answered questions on a recommendation for monetary policy.

Other schools participating in the contest included Fordham University, Columbia University and West Point, allowing Bloomfield to compete with some of the most recognized institutions in the nation.

“Participating in the Fed Challenge alongside my teammates was an incredible experience,” Thomas said of the event. “The amount of preparation and time we all put in towards representing Bloomfield College is something I am very proud of. The opportunity to represent our school was an honor, and we thank Dr. Di Liberto for guiding us through this wonderful process.”

“The members of the Bloomfield College Fed Challenge Team did a fantastic job,” Faculty Advisor and Professor of Economics Dr. Maryann Di Liberto said of the group's extraordinary efforts. “The level of expertise the students developed over the course of our preparation on monetary policy and the current state of the U.S. economy is astonishing. They worked extremely hard and did an amazing job representing Bloomfield College. We should all be proud of them and what they have accomplished.”