Graduate from Princeton, heed Powell's advice: Dive into challenges and champion the community.
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Jerome Powell, Chair of the Federal Reserve, inspired Princeton University's graduating class of 2025 by emphasizing the importance of taking risks and demonstrating initiative during his address on Sunday.
In his speech at the Baccalaureate Ceremony held in Princeton, New Jersey, Powell urged students to consider a career in public service and highlighted the significance of bold steps and proactive effort.
"Remember, a dose of luck, the courage to make mistakes, and a bit of initiative can lead to great success," said Powell, who has served as the 16th chair of the Federal Reserve since 2018. He underscored the importance of personal achievements, but also reminded students of their role in contributing to society.
"The world demands more from you than individual victories; I implore you to make room for public service in your careers," he added.
Recalling his own time at the university, Powell, a Washington D.C. native who majored in politics at Princeton, spoke candidly about his early academic struggles and the importance of seizing opportunities for growth.
Beginning his college career with more focus on playing guitar than studies, Powell later refocused and graduated without a clear plan. However, he emphasized the value of perseverance, stating, "We all move at our own pace, and that's okay."
Acknowledging thearedness that some may feel when asked to take on leadership roles, Powell advised students to step up and be the kind of leader that inspires and supports others.
"Just know that almost no one is truly ready," he said. "All I can say is go for it! Be the leader people can learn from, the one they want to work for."
Powell also encouraged students to trace the most meaningful moments of their lives back to instances where they took the initiative. Drawing on his own experiences, he shared an example of approaching a senior colleague that eventually led to his first role at the Treasury.
"If I hadn't mustered the courage to take that risky and potentially awkward step, I would not be here today," he said.
In closing, Powell reminded students of the importance of their lives and urged them to live with integrity. "Fifty years from now, you will want to be able to look in the mirror and know that you did what was right across every aspect of your life," he said.
- Jersey's financial markets might experience greater growth if more graduates consider a career in investment or public finance, emulating Powell's proactive approach.
- Powell's speech emphasized the significance of self-development, urging students to seek education in areas like business management, leadership, and personal growth to bolster their future success.
- Despite starting his college journey focused on a different passion (guitar), Powell underlined the importance of taking initiative and seizing opportunities in career development.
- In addition to encouraging students to prioritize public service, Powell emphasized the importance of seeking balances in life, reminding them that success should not just be measured by individual achievements.
- As they embark upon their careers, Powell implored graduates to take bold steps and set examples of ethical leadership, following in his footsteps by embracing personal and professional risks for the betterment of society.
