Economics
Why College Students Are Role-Playing as Central Bankers
The College Fed Challenge teaches students about monetary policy.
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Ali Haider Ismail’s hands were shaking. Waiting in a Federal Reserve governor’s corner office in Washington, with its fireplace and shelves of books and manuals, he thought about what it would be like to work for the central bank. Then he had to pee again.
It was early December, and Ismail was preparing to argue that the Fed should raise interest rates three times in the coming year, dissenting from those who supported more gradual increases. He knew he’d be grilled on policy recommendations and economic forecasts, and he knew they’d throw some curveballs.