Spring 2024 Alumni Newsletter

Karabo stated, “Last fall, I had the privilege of
Elaine
in the renowned Fed College Challenge.
participating
nationwide competition, hosted by the Federal
This
System, invited college students to delve into
Reserve
realm of economics and monetary policy, offering a
the
to showcase their analytical skills and creativity
platform
would be judged by a panel directly involved in the
that
Fed”.
these participants was a cohort of five of our
Among
own students who embraced the challenge with
very
and enthusiasm. With the help of our professors,
fervor
were able to pull together a simulated FOMC
we
that was then submitted to the 2023 College
meeting
Challenge. Following our engagement in the
Fed
we were granted a unique opportunity to
competition,
the Open House event hosted by the Board of
attend
of the Federal Reserve System in
Governors
D.C.
Washington
this enlightening experience, I had the privilege
During
network with students from all over the country that
to
in the challenge, professors from these
participated
including Harvard College that was the winner
schools
the challenge, professionals from various fields
of
the Federal Reserve System, gaining invaluable
within
into the intricate workings of the nation's
insights
banking system.
central
the event, we were immersed in a
Throughout
of discussions, workshops, and
variety
including how to fine-tune our
presentations,
for the next Challenge, and a
presentations
of opportunities available to us during
myriad
after our academic journey, including
and
research fellowships, and career
internships,
within the Federal Reserve System.
pathways
experience was personally enlightening.
This
helped me gain a deeper understanding of
It
principles and their direct
economic
Sometimes what I learn in class
applicability.
seem abstract and completely
may
but I saw firsthand how I could
theoretical,
what I was being taught to the current
apply
of the U.S. economy and an avenue of
state
FED CHALLENGE
Miami Herbert Student and Economics Major
Elaine Karabo and Faculty member Miguel
Iraola Guzman
the distinguished individuals I had the
Among
of meeting was the Chair of the Federal
honor
Jerome Powell, who gave us a rare
Reserve,
into the leadership and vision driving
glimpse
monetary policy at the highest levels.
potential careers in doing so.
Supporting our students in events
like the Fed Challenge is an example
of how we put your donations to
work. Thank you for your support!