I have spent most of my career in the private sector, and what I observed was that really successful institutions in the United States--companies, organizations--generally are those that do a really good job on diversity and get the best out of people and attract a broad, diverse range of talents to the table, and people feel comfortable speaking.
Powell emphasizes the importance of diversity for successful institutions.
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If we're going to do that successfully, we need to do it in a completely nonpolitical way, which means we don't take sides, we don't play one side against the other, we stay out of issues that are really not our bailiwick.
Job growth, he said, has slowed considerably and that the downside risks to employment are rising.
As long as the U.S. economy is in solid shape, the prudent thing to do is to wait and learn more and see what the effect might be.
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