Federal Reserve Chairman Jerome Powell gave a heartfelt speech to Princeton University’s graduating class on Sunday. In his talk, he encouraged students to consider public service in their careers and reminded them to appreciate the value of higher education in America.
Powell shared a bit about his own journey. He admitted that, earlier in life, he thought economics was boring and not very useful. But that changed when he eventually joined the Treasury Department and later became the head of the Federal Reserve.
“I strongly urge you to make time for public service,” Powell told the students. “For over 250 years, people in this country have worked hard to get us closer to the ideal that everyone is created equal. It's time for your generation to carry that mission forward.”
His speech came at a time when government jobs are being cut back, even in critical areas like national security. Though he didn’t speak directly about politics, his message stood out in the current climate of government downsizing and education policy debates.
U.S. Universities Deserve Support and Respect
Powell used his speech to highlight how important universities are to the country. He said America’s colleges and universities help drive progress in science, technology, and innovation. According to him, they’re not just educational institutions—they’re a national treasure.
“He said that U.S. universities are known worldwide for being top-notch. “Take a moment to appreciate what you have here. Don’t take it for granted.”
While Powell didn’t mention former President Trump directly, his speech came soon after a major conflict between the government and Harvard University. The Department of Homeland Security recently tried to block Harvard from admitting international students—a move that was stopped by a judge, but the threat still lingers.
At the same time, Powell has faced public pressure from Trump in the past. The former president criticized him over interest rates and even suggested firing him. Powell has made it clear he wouldn’t step down if asked and that the law doesn’t allow the president to remove him.
Live a Life You’ll Be Proud Of
In closing, Powell touched on the Federal Reserve’s work during the COVID-19 pandemic. But he spent most of his final remarks encouraging students to live with purpose and honesty.
“Your life isn’t just about you,” he said. “It also matters to the people who love and care about you.”
He told the graduates that in 50 years, they’ll want to look back and feel proud of the choices they made. “At the end of the day, all we really have is our integrity,” he said. “So guard it carefully.”
The Federal Reserve did not issue any additional comments after the event.
