Fed Chair Warns of Difficult Choices as Trade War Rages
Podcast: WSJ What’s NewsPublished On: Wed Apr 16 2025
Description: P.M. Edition for April 16. Federal Reserve Chair Jerome Powell warned today that the central bank could face difficult trade-offs in trying to cushion the U.S. economy from the fallout of President Trump’s trade war. His comments deepened a rout on tech stocks, fueled by trade restrictions on chipmaker Nvidia. We speak to WSJ Heard on the Street columnist Asa Fitch about what the rules mean for the company’s relationship with Wall Street. And research projects go on pause at Harvard after the Trump administration said it would stop more than $2 billion in federal grant money. WSJ science reporter Nidhi Subbaraman discusses the implications for researchers and the university writ large. Alex Ossola hosts. How Harvard Ended Up Leading the College Fight Against Trump Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
The note was deleted
The note was saved
Your message was sent