Powell skips policy talk at Stanford

 United States Federal Reserve Chair Jerome Powell delivered prepared remarks at Stanford University, choosing not to address current economic conditions or monetary policy.

Speaking at former US State Secretary George Shultz memorial lecture, Powell said his focus was on honoring Shultz's legacy as a policymaker and public servant. "Just to be clear, I will not address current economic conditions or monetary policy," Powell told the audience.

Powell described Shultz as a figure who combined integrity with practical policymaking, citing his work in four cabinet posts and his commitment to markets, collective bargaining and nuclear disarmament. He also said Shultz's example continues to guide those who serve in government.

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