Michael S. Barr, a member of the Federal Reserve Board, welcomed participants to the 2025 College Fed Challenge Finals, emphasizing the importance of student engagement in monetary policy. Six teams from prominent universities, including Harvard and the University of Chicago, presented their recommendations aimed at achieving the Federal Reserve's dual mandate of stable prices and maximum employment. This year's competition saw a record 139 schools participating, showcasing a growing interest in economic education. Barr highlighted the significance of understanding monetary policy and effective communication, stressing its role in shaping public perception. He acknowledged the dedication of judges and faculty advisors, expressing hope that the experience would inspire students to pursue futures in economics, finance, or public service. Barr underscored the value of independent monetary policymaking, particularly in navigating economic uncertainties, and wished participants luck in a spirited competition, reinforcing the Federal Reserve’s commitment to public understanding and economic discourse.