In a speech to graduates at Princeton University in New Jersey, United States, Federal Reserve President Jerome Powell has asked young people to devote part of their careers to public service. “I ask you to face the challenge and enjoy the opportunity to serve your fellow citizens. You will nuche will regret,” he said on Sunday, 25.
Powell, who graduated from the same university for 50 years, cited his own trajectory as an example, with passages in the public and private sectors. “In my 13 years at the Fed, the global economy has undergone several turmoil and a total crisis, at the sharp moments of Covid 19 pandemic,” he said. “Everyone turned to the government and the Fed in search of help, and the Career Career servers, previous seizure veterans, took the lead and said, ‘We take care of it,'” he added.
He recalled that the Fed adopted a series of measures, many unpublished, to secure credit to the US economy, while the financial sector recovered from the thud. “By the efforts of many in the public and private sectors we avoid the worst. Collective efforts have saved our economy and the public servants involved deserve our respect and gratitude. It is a great honor for me to serve by them,” he said.
Continues after advertising
Powell’s speech takes place at a time when US President Donald Trump’s government promotes expenses, closes organs and performs mass layoffs in the public service.
The Fed president said career success is the result of a luck combination, courage to make mistakes and a little initiative. “But the world needs you more than your personal achievements and individual success. That’s why I ask you to find time for public service,” he reiterated.
Universities
He stressed that the work of generations in search of the ideals of US founders, that all are created equal, led the country to world leadership on various fronts, including “science innovation and economic dynamism.”
Continues after advertising
“Our great universities are an essential national asset, but look around. I ask you not to consider this as guaranteed. In 50 years, when you look back, you will want to remember that you did your best to strengthen our democracy and to take us even closer to the ideals of the founders,” he said.
Trump also promotes an offensive against universities’ autonomy in an attempt to impose his agenda on these educational institutions. Currently, the US president aggressively invests against Harvard University.
