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Fed Chair Powell Defends Universities Amid Political Tensions
Fed Chair Powell Defends Universities Amid Political Tensions
20
3
Federal Reserve Chair Jerome Powell delivered a pointed defense of higher education during graduation speeches at Princeton and Harvard, framing universities as foundational to U.S. competitiveness. "When you look back in 50 years, you will want to know you’ve done whatever it takes to preserve democracy," Powell told the Class of 2025, linking campus controversies to broader political fractures.
The remarks come as Ivy League institutions face heightened scrutiny. The TRUMP administration recently barred Harvard from enrolling new international students—a move critics argue undermines America’s academic leadership. Powell countered such actions by praising universities as engines of "scientific innovation and economic dynamism."
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