The University of Richmond recently held its commencement ceremony at the Robins Center in Richmond, Virginia. The event featured a speech by a representative from one of the 12 regional Federal Reserve Banks, who expressed gratitude to the Class of 2025 for the opportunity to speak, acknowledging that they likely had no say in the selection.

In his address, he emphasized that his remarks were personal opinions and not those of his colleagues on the Federal Open Market Committee or within the Federal Reserve System. He also extended Mother's Day greetings to all mothers present.

Highlighting the benefits of higher education, he noted that "college graduates earn more money, live longer lives, have better health, have greater wealth," and often find jobs more resilient to economic downturns. He congratulated both graduates and their families for reaching this significant milestone.

Reflecting on his own graduation 42 years ago during an economic recession, he empathized with graduates facing a challenging labor market. However, he offered encouragement by sharing stories of overcoming such challenges through resilience and adaptability.

The speaker outlined six key principles for success: "Show Up" by being physically present in professional settings; "Keep Up" with technological advancements; "Look Up" to mentors; "Free Up" time for personal passions; "Save Up" financially; and "Keep Your Head Up" through life's ups and downs.

He concluded with well-wishes for the future endeavors of the graduates and their families.