Federal Reserve Chairman Jerome Powell urged Princeton University graduates to protect the country’s democracy in a commencement speech on May 25. The Supreme Court recently ruled that President Trump cannot fire independent members of labor boards, citing the Federal Reserve system’s unique independence structure as part of a distinct historical tradition. This ruling appears to shield Powell from potential repercussions from Trump. In his speech, Powell praised America’s great universities, including Princeton, as crucial national assets. He also joked about choosing his major at Princeton, saying he picked economics “wrongly” after later realizing the importance of public service.
Source: https://eu.usatoday.com/story/news/politics/2025/05/26/fed-chair-jerome-powell-princeton-graduation-speech-democracy/83861868007