evidence: Economics students Federico Pigozzi, Matthew Hawks, Bobby Weant, Jacqueline Hundley, Ben Sullivan and Jessica Robinson have won the regional College Fed Challenge. The students presented on the state of the U.S. economy and made recommendations for monetary policy. Economics professor Mark Strazicich, who serves as faculty advisor for the Fed Challenge team, accompanied the students. [...] Each team was allotted 20 minutes to provide an overview of the state of the economy in terms of macro variables such as inflation, the unemployment rate, real GDP, manufacturing, housing, the banking system, consumer's sentiment, the exchange rate, foreign trade, and interest rates. Following the presentation, there was a 10-minute question and answer session with a panel of judges. The questions posed by the judges and the scenarios given to the finalists were provided by economists from the Federal Reserve Bank of Richmond.