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RFH Fed Challenge Team Group Champions!

Rumson Fair Haven Fed Challenge Team Named Group Champions

RFH’s Fed Challenge Team is proud to announce that they have been named Group Champions of the High School Fed Challenge hosted by the Federal Reserve Bank of New York! The High School Fed Challenge is a competition designed to bring real-world economics into the classroom. Teams play the role of monetary policymakers by analyzing economic conditions and recommending a course of action for monetary policy. Roughly 70 high schools from the tri-state area participate each year.

Advised by Mrs. Stephanie Pennetti for the past five years, RFH’s Fed Challenge Club is popular among economics students and performs consistently well in the contest each year.  This year the club had over twenty members who met with economists in the local area and the Rutgers Fed Challenge Team to help prepare for the competition. Once the competition team was selected, they attended an orientation at the New York Federal Reserve Bank in February.  The team was composed of Alyssa Munley, Meghan Carolan, Pascal Johnstone, Thomas Crow, Peter O’Connor and William Francis, all eleventh and twelfth graders in advanced economics courses.

On March 11th, 2020, the RFH team traveled to New York City and delivered a twelve minute presentation on the economy, followed by a thirteen minute “question and answer” with New York Fed economists and staff who serve as judges.  After earning the highest score in their bracket (usually a preliminary round, however, the final this year due to national health concerns), they were named their Group Champion! Congratulations to the entire Fed Challenge Club, the competition team and Mrs. Pennetti on their success and for continuing to push the envelope and grow into the policymakers of the future!





The Rumson Fair Haven High School Fed Challenge Team prepares for their final presentation earlier this month.  Pictured left to right: Alyssa Munley, Meghan Carolan, Pascal Johnstone, Thomas Crow, Peter O’Connor and William Francis.



Sarah Fitzgerald, RFH Press Release Writer or 732-842-1597 x. 277