Fed Chair Defends Universities, Urges Students to Save Democracy in Anti-Trump Plea
In a thinly veiled rebuke to President Trump, Federal Reserve Chair Jerome Powell urged Princeton graduating students to defend democracy, emphasizing the importance of public service and integrity. Powell’s speech, delivered days after the Supreme Court affirmed the Fed’s unique structure and independence from presidential interference, coincided with Trump’s attacks on the institution and funding cuts to universities. He lauded American universities as a national asset under threat and challenged students to preserve and strengthen democracy throughout their careers. Powell’s remarks highlight the ongoing tension between the Trump administration and independent institutions.
John Q. Hosedrinker