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Jerome Powell, Chairman of the US Federal Reserve, during the Editing Business Editing Society and Writing Annual Conference in Arlington, Virginia, April 4, 2025.
Tierney L. Cross | Bloomberg | Gets the image
Chairman of the Federal Reserve System Jerom Powell He told the graduates of Princeton to “protect” his integrity against the backdrop of Critic criticism from US President Donald Trump.
Powell addressed Class of Princeton 2025 May 25 and shared a number of parade, including The biggest mistakes in the career Graduates can do and, by the end of his speech, he urged graduates to support their honor and respect.
“I have one last key moment. Your life matters not only to you, but also to people who love you,” Powell said in a speech. “In 50 years you want to be able to look in the mirror and know what you did what they thought was in every part of your life. After all, our integrity is all we have.” Carefully protect it. “
Powell came under Intensive pressure From Trump in recent months to a decrease in interest rates, even calling the leader of the central bank “main loser” in April for not worshiping his requirements. President threatened to shoot the PowellBefore going back, comments.
Trump hopes to increase economic growth. However, Powell insisted on using an approach to waiting due to the potential side effects of Trump’s “mutual tariffs” and has Continued interest rates Sustainable balance Fed mandate to ensure maximum work and stable prices.
Trump’s demands to reduce interest rates has no effect “completely” At the work of the Federal Committee of the Open Market or how they do it, Powell said in May.
“We will always do the same thing that we will use our tools to increase maximum employment and prices for the benefit of the American people,” he said. “We will always consider only economic data, forecast, balance, and all. That’s all we will consider.”
“Serve your compatriots”
In his speech to the graduates of Princeton Powell, he emphasized the importance of the public service and shared the example of a canary pandemic when he said there was a risk of “long, serious global depression.”
“Everyone appealed to the government and, in particular, to the Federal Reserve as a key first response. The quarry of civil servants in the Fed, who were veterans of the previous crises, came forward and said,” We got it. “
Powell said that their “collective efforts” saved the economy, adding that they deserve respect and thanks.
“I urge you to accept the challenge and the opportunity to serve your compatriots. You will never regret the choice,” he said.
