Federal Reserve Chairman Jerome Powell addressed Gen Z graduates from Princeton University, advising them that avoiding risks could be one of the biggest career mistakes. As these new graduates from the class of 2025 enter the workforce and start their own ventures, Powell emphasized the importance of facing fears and taking risks despite challenges.
Drawing parallels with successful figures like Sam Altman, Rihanna, and Simone Biles, Powell reminded students that these success stories are often preceded by failures. He conveyed that achieving one’s potential involves taking risks and making mistakes. During his commencement address, Powell asserted that everyone makes errors, but avoiding risk entirely is a larger mistake. Failing occasionally indicates that one is challenging themselves adequately.
As graduates embark on their professional journeys, Powell encouraged them to dive in, take risks, and believe in themselves. He urged them to embrace failures and keep trying, reinforcing that persistence is key.
Powell also noted that many in Gen Z prefer individual contribution over climbing the corporate ladder, citing concerns about responsibility as a common and normal apprehension. He recounted his own career leap at Dillon Read & Co. in the 1980s, where a bold initiative led to significant opportunities, underscoring the value of seizing the right moment.
He highlighted the importance of mentorship, advising graduates to support others as they ascend in their careers, becoming leaders who inspire and guide.
Additionally, other prominent figures such as Kermit the Frog shared similar sentiments. At the University of Maryland, Kermit advised graduates to collaborate and support each other. Similarly, Snoop Dogg, speaking at USC’s Marshall School of Business, shared his experiences with adversity and how it has strengthened him, emphasizing perseverance and resilience.
The insights from these leaders provide valuable guidance for the emerging workforce, encouraging them to take risks and foster collaborative success.
