Yesterday I was studying the BIOS of a DELL Latitude E6420 laptop and enabled notifications that check and warn if the power supply is not appropriate for laptop.

Immediately I got this message:

The power supply is authentic DELL's power supply but 65W which is less than recommended as BIOS tells me. How will this impact my system and performance? Is this critical and i need to consider buying 90W power supply or i can live with that?
Intel Turbo Boost boosts up to 2.85Ghz which is less than maximum of 3.2GHz processor can handle. Can it be because of a less powerful power supply?