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US Federal Reserve Chairman Jerome Powell spoke during a press conference after a two-day meeting of the Federal Policy Policy Policy in Washington, Columbia District, May 7, 2025.
Kevin Lamark | Reuters
The chairman of the federal reserve system Jerome Powell shared one of the biggest mistakes in Princeton’s graduates and said that risk and initiative is the key to forward.
In A Address In Princestan’s class 2025, on Sunday, Powell described one of the key features, according to which he said he became a member of the Federal Reserve.
“If you strive in the coming years to achieve your full potential, you will need to risk, and so to make a mistake. Everyone and I mean, everyone is mistaken – take it into the expert – but a bigger mistake – to avoid risk.
Powell became a member of the Fed Council in 2012. He was appointed chairman of the 2018 US President Donald Trump, and in 2022 was appointed former President Joe Biden.
He explained that no one was ever ready to take more guidelines and guidelines.
“Go for it. Throw yourself into the deep end of the pool, believe in yourself, risk,” Powell said. “If you fall down – and you will fall – get up and repeat the cycle.”
“Initiative is a missile fuel of life”
The Central Bank leader emphasized that most of his success could be pressed to small moments when he decided to take the initiative.
“A little initiative at the right time can change the situation. The initiative is missile fuel,” Powell said. “Now I am not an entrepreneur, I haven’t started a major technology campaign. But, looking back, many of the most important events in my life trace up to several times when I showed only a little initiative.”
Powell shared his anecdote when he worked at the company headed by former US senator Nicolas F. Brad and wanted to imagine himself.
He decided to take the initiative and climb the ladder to the Brad’s office and ask for a quick meeting. It was “very short”, but the meeting paid off. Two months later, Brada asked Powell to work with him on the project.
A year later, Brady became Minister of the Treasury and asked Powell to be an assistant to the secretary of the Treasury.
“This is an extremely complicated role that shocked my appetite for further public service and ultimately turned out to be a gateway for my appointment to the Federal Reserve Council. Therefore, if I did not make myself approach these stairs and take what I saw as a risky and potentially uncomfortable step, I would not stand here today.
“I can think of long-term friendships and one marriage-my own-which is included at the moment of the initiative. Good luck. “
