- Federal Reserve Chairman He gave a starting letter in Princeton on Sunday and urged graduating students to consider public service. He also told them that American universities “envy the world and decisive national origins.” This comes at a time when President Donald Trump threatened to withdraw federal financing from the best American colleges.
Federal Reserve Chairman Jerome Powell urged Princeton graduates to consider public service, while also called them to preserve democracy and remind them that American universities should not be considered a foregone foreground.
in Start title On Sunday, he recalled the course of his career, which included the Treasury and at the end the central bank, despite his confession that the economy was one day rejected as a “boring and inconceivable” issue.
Powell said: “I urge you to find time in your career for public service,” Powell said. “Since the establishment of this great democracy 250 years ago, the generation has taken over the generation and the honor of we transferred more than the ideal that is created equally. Now it’s your turn.”
While such stimuli are often a standard fare in starting speeches, they come at a time when the administration of President Donald Trump has reduced the federal workforce, Even nuclear weapons experts who had to appoint them.
Powell also pointed out that the United States is leading the world in several ways, including in scientific innovation and economic dynamism. This is not a coincidence.
“Our great universities are the envy of the world and the decisive national origins,” he said. “Look around you, and I urge you to take any of this as a foregone. When you look back 50 years ago, you will want to know that you have done everything necessary to preserve our democracy, strengthen it and bring us closer to the eternal ideals of the founders.”
Trump or his efforts to threaten federal funding for the American senior universities. But Powell’s speech comes days after the administration escalated its campaign against Harvard.
Thursday, the Ministry of Internal Security Harvard’s ability to register international studentsIt threatens to deal with a stroke of the school’s ability to attract the best talent.
A Federal judge banned the matter Friday, but relief is only temporary, and the government’s threat is still waving Harvard and American higher education in general.
Meanwhile, Trump also pressed Powell, to no avail, to reduce interest rates despite the remaining inflationary pressures. Trump also gave personal insults, and even on social media that “ending Powell cannot come quickly!”
Powell said he would not resign if Trump and confirmed that Trump could not shoot him. the The president excluded this Earlier this month, noting that he will get a chance to nominate an alternative soon anyway.
During his talk in Princeton on Sunday, Powell defended the Fed’s Reserve Bank’s response to the Covid-19 and ended his title by saying, “Your life does not only interest you, but for the people who love you.”
“After fifty years from now, you will want to be able to look at the mirror and know that you did what you thought was true in every part of your life,” he added. “At the end of the day, our safety is all we have – its guard carefully.”
The Federal Reserve did not immediately respond to a request for comment.
This story was originally shown on Fortune.com
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