#PowellRemarks Chairman Jerome Powell recently delivered remarks at Princeton University's baccalaureate ceremony and the Federal Reserve Board's Division of International Finance 75th Anniversary Conference. Here are some key points from his speeches:

*Key Takeaways*

- *Public Service*: Powell emphasized the importance of public service, encouraging graduates to consider careers that benefit society. He shared his own experiences in public service, highlighting the value of serving others.

- *Economic Resilience*: During the COVID-19 pandemic, the Federal Reserve took unprecedented measures to supply credit to the economy, helping to avoid worst-case scenarios. Powell praised career civil servants for their efforts.

- *Monetary Policy*: Powell discussed the Federal Reserve's monetary policy strategy, including the use of forward guidance and the importance of clear communication. He highlighted the need for flexibility in responding to economic conditions.

- *Global Economic Understanding*: At the Division of International Finance conference, Powell stressed the importance of understanding global trade and capital movements. He praised the division's work in providing critical data and research to inform policy decisions.

*Recent Speeches*

- *Princeton University Baccalaureate*: Powell's speech focused on the value of public service, taking risks, and finding one's path in life. He encouraged graduates to look beyond personal achievements and consider the broader impact of their actions.

- *Division of International Finance Conference*: Powell highlighted the division's contributions to the Federal Reserve's understanding of global economic issues. He emphasized the importance of international cooperation and adaptability in responding to economic challenges.¹ ²