💥BREAKING: Powell just spoke at Harvard for one of his final appearances as Fed Chair. Here is everything he said. 👇 - The Federal Reserve will not cut interest rates this year. A rate hike is still on the table. Inflation must come back to 2% and that will not change. - US debt levels are manageable today but the debt is growing much faster than the economy. That is a problem if it continues. - The Federal Reserve must stay completely free from political pressure. He warned the next Fed chair to never allow any government to use the Fed for political goals. - The US banking system is much stronger and safer today than it was before the 2008 financial crisis. - Artificial intelligence will eliminate some jobs but will also create new ones and improve living standards over time. - He is very optimistic about the long term future of the US economy. But says right now is genuinely a difficult time for young people entering the job market.(Crypto Rover)