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FED CHAIR JEROME POWELL SAYS THE BIGGEST CAREER MISTAKE GRADS CAN MAKE IS AVOIDING RISKS

Federal Reserve Chairman Jerome Powell shared one of the biggest career mistakes with Princeton graduates and said taking risks and initiatives is the key to getting ahead.

In a commencement address to Princeton’s Class of 2025 on Sunday, Powell described one of the key traits he said was behind him ultimately becoming a member of the Federal Reserve Board.

“As you strive in coming years to reach your full potential you’ll need to take risks, and yes to make mistakes. Everyone, and I mean everyone, makes mistakes — take it from an expert — but the bigger mistake is to avoid taking risks. If you’re not failing from time to time you’re not asking enough of yourself,” Powell said.

Powell became a member of the Fed’s board of governors in 2012. He was appointed chairman in 2018 by U.S. President Donald Trump, and reappointed in 2022 by former President Joe Biden.