Amid tough job market for young Americans, Fed Chair Powell tells students not to despair

TL;DR

Fed Chair Jerome Powell spoke to an undergraduate economics class at Harvard University.
He encouraged young Americans facing a tough job market to remain patient, assuring them of future opportunities in the dynamic U.S. economy.
Powell addressed inflation, stating that longer-term expectations are stable despite the war in Iran and rising oil prices.
He expressed optimism about artificial intelligence, believing it will enhance worker efficiency and productivity.
Powell advised young workers to invest time in mastering new technologies to benefit from them.
The unemployment rate for 20 to 24-year-olds is 7.4%, and overall job creation has been slow.

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