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Fed Chair Warns of Difficult Choices as Trade War Rages
Apr 16, 2025
Jerome Powell warns of tough choices ahead for the Fed amid the trade war, sparking a downturn in tech stocks like Nvidia, which faces challenges from U.S. government bans. Harvard struggles with a federal funding freeze that threatens critical research projects, provoking concern among scientists. The implications are profound, with halted studies and potential layoffs looming. Discussions also highlight the tricky relationship between U.S. manufacturing and dependence on Chinese suppliers amid geopolitical tensions.
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Quick takeaways
- Federal Reserve Chair Jerome Powell emphasized the difficult trade-offs the Fed faces between inflation control and labor market health amid trade tensions.
- Harvard researchers are confronting severe repercussions from a federal funding freeze, jeopardizing critical projects and the institution's academic reputation.
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