Edina sophomore wins Federal Reserve Student Essay Contest
Edina High School sophomore Ryan Zhu won the 2019 Federal Reserve Student Essay Contest. For the past 31 years, the Federal Reserve Bank of Minneapolis has hosted an annual Student Essay Contest open to all high school students that live within the Ninth Federal Reserve District. This year’s prompt was: “Use economics to describe and defend an effective immigration policy.”
With his essay ‘Highly Skilled, Highly Helpful: The H-1B Shortage,’ Zhu was selected as the first place winner of the contest. He won a cash prize of $500 and a paid internship at the Federal Reserve Bank in Minneapolis for the summer of 2020. Zhu is the first Edina student to win this award since 2014.
In addition to Zhu’s first place win, two other Edina students were finalists for the award: senior Sandra Chen, a second time finalist, and sophomore Evan Jiang for their essays presenting a comprehensive immigration policy.
The Federal Reserve System serves as the central bank of the U.S. and was created by Congress in 1913 to help ensure a healthy banking system and economy for the country. One of their branches is located in Minneapolis.