A decade after Salisbury University team won the regional level of College Fed Challenge competition, the students in Salisbury University’s Franklin P. Perdue School of Business once again showcased their skills in the 2024 competition on October 3rd organized by the Federal Reserve System, which is participated by more than 60 colleges and universities from across the United States.
SU Fed challenge team consists of five economics majors: Zachary Harris (team captain), Janelle Armstrong, Joe Enfinger, Darby Trout, Lance White. Dr. Ying Wu, Professor of Economics, once again served as faculty adviser. The team’s presentation, titled “Silver Lining for Soft Landing in the Clouds of Uncertainty,” demonstrated their in-depth understanding of economic trends and policymaking.
During their 15-minute virtual presentation to a panel of judges, the team analyzed current economic and financial conditions and proposed a monetary policy recommendation, mirroring the process of the Federal Open Market Committee (FOMC). The SU team recommended a 25-basis-point cut to the federal funds rate and continued downsizing of the Federal Reserve’s balance sheet—a recommendation that coincided with the FOMC’s official policy decision released on November 7, 2024.
The participating students are thrilled of having such experiential learning experience. The team has been invited to present their findings and predictions at the 37th Annual Southern Delmarva Economic Forecast on December 6, 2024.