Jerome Powell tells Princeton grads not to take universities for granted and that ‘integrity is all we have—guard it carefully’

• The Federal Reserve chairman gave a commence address at Princeton on Sunday and urged graduating students to consider public service. He also told them that American universities are “the envy of the world and a crucial national asset.” That comes as President Donald Trump has threatened to take away federal funding from top U.S. colleges.

Federal Reserve Chairman Jerome Powell urged Princeton graduates to consider public service, while also calling on them to preserve democracy...