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Powell Encourages Youth Amid 7.4% Unemployment Rate

3/30/2026

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Story summary
  • Federal Reserve Chair Jerome Powell addressed young Americans at Harvard University on March 30, 2026, highlighting resilience in a challenging job market.
  • He noted a 7.4% unemployment rate for 20- to 24-year-olds and slow job creation, but remained optimistic about opportunities.
  • Powell discussed inflation risks tied to the war in Iran and noted that inflation expectations remain stable.
  • He noted that artificial intelligence could transform the workforce.