Powell praises universities and warns students: ‘Do not take democracy for granted’

Jerome Powell, Chairman of the U.S. Federal Reserve, warned about the erosion of democracy during a speech at Princeton University. He also praised American universities as engines of innovation and national strength. His message came shortly after the Trump administration increased pressure on higher education, including banning Harvard University from enrolling international students.

Powell emphasized the importance of democratic values, urging students to protect and strengthen them. He encouraged graduates to take risks, consider public service, and maintain their integrity.