Jerome Powell, Chairman of the US Federal Reserve, during the annual Liberation and Writing Association in Arlington, Virginia, on April 4, 2025.
Tierney L. Cross | Bloomberg Gety pictures
Federal Chairman Jerome Powell Princeton told graduates of “protecting” their safety amid a wave of criticism from US President Donald Trump.
Powell addressed Princeton Category 2025 On May 25 and participated in a series of tips, including The biggest professional errors Graduates can make, and close to the end of his speech, encourage graduates to preserve their honor and respect.
“I have a last major point. Your life is important, not only for you but for the people who love you,” Powell said in the speech. “After 50 years from now, you 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. At the end of the day, our safety is all we have. Carefully guard it.”
Powell has been exposed Intense pressure From Trump in recent months to low interest rates, until the central bank leader described as a “great loser” in April to not kneel to his demands. Also president He threatened to shoot PowellBefore walking at the notes.
Trump hopes to reduce interest rates will increase economic growth. However, Powell insisted on following the approach Useful interest rates Fixed to the FBI’s authorization to provide the maximum level of employment and stable prices.
Trump’s demands to reduce interest rates It has no effect “at all” Powell said in May that the function of the Federal Open Market Committee or the way they do.
“We will always do the same, which is that we will use our tools to enhance the maximum employment and price stability for the benefit of the American people,” he said. “We will always look at economic data, expectations and risk balance and that’s all. That’s all we will look.”
“Citizen Citizens” served
In his speech in front of Prinston graduates, Powell stressed the importance of public service and participated in an example of the Corona virus’s pandemic when he said that there was a danger to “long, long global depression”.
“Everyone resorted to the government and the federal reserve in particular as a major response. Civil staff employees of the Federal Reserve who were old warriors from previous crises move forward and said:“ We have received this. ”We have taken a set of aggressive measures to provide credit for the economy, and many of them have never been unprecedented, while the financial sector recovered.”
It was their “collective efforts” that saved the economy, adding that they deserve respect and gratitude.
“I urge you to face the challenge and the opportunity to serve your citizens. You will never regret this choice,” he said.
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