• greater understanding of the Federal Reserve's role in developing and implementing monetary policy,
• greater interest in economics and finance as a subject for advanced study and as the basis for a career,
• research, presentation, critical thinking and cooperation skills, and
• a closer relationship between colleges and the Federal Reserve Bank of New York.

• discussion of current economic and financial conditions,
• near-term forecast of economic and financial conditions that affect monetary policy,
• identification of risks that threaten the economic well-being of the country, and
• recommendation as to the action the Fed should take with regard to short-term interest rates.

• arguments made or data addressed in the team's presentation,
• how policy-makers might respond to hypothetical economic scenarios, and
• the Fed's monetary policy-making and implementation process.

• knowledge about the Federal Reserve's role in developing and implementing monetary policy,
• responses to judges' questions,
• presentation skills,
• quality of research and analysis, and
• evidence of team work and cooperation.

Moody's Awards
The Moody's Foundation has established the Moody's College Fed Challenge Awards for high achieving teams and the university department that sponsors them. Teams participating in the New York Fed and interdistrict competitions are eligible for the awards as listed below.