Jerome Powell

So I think that's not a problem.

So I think that's not a problem.

U.S. tech stocks fall as Nvidia pays the price for turning into the biggest marketing chip between the U.S. and China. Plus, Jerome Powell is warning that the Fed may find itself in a tough spot, choosing between whether to focus on inflation or fostering a healthy labor market.

U.S. tech stocks fall as Nvidia pays the price for turning into the biggest marketing chip between the U.S. and China. Plus, Jerome Powell is warning that the Fed may find itself in a tough spot, choosing between whether to focus on inflation or fostering a healthy labor market.

We may find ourselves in the challenging scenario in which our dual mandate goals are in tension.

We may find ourselves in the challenging scenario in which our dual mandate goals are in tension.

And how funding cuts at Harvard are already affecting the university's research. It's Wednesday, April 16th. I'm Alex Osola for The Wall Street Journal. This is the PM edition of What's News? The top headlines and business stories that move the world today. Trade restrictions fueled a tech stock route that deepened in U.S. markets today.

And how funding cuts at Harvard are already affecting the university's research. It's Wednesday, April 16th. I'm Alex Osola for The Wall Street Journal. This is the PM edition of What's News? The top headlines and business stories that move the world today. Trade restrictions fueled a tech stock route that deepened in U.S. markets today.

Stocks took another turn lower after Federal Reserve Chair Jerome Powell warned that the central bank could face difficult tradeoffs in trying to cushion the U.S. economy from the fallout of President Trump's trade war. Wall Street's fear gauge, the SIBO volatility index, jumped nearly 9 percent after falling for three trading days. The dollar, meanwhile, extended its decline.

Stocks took another turn lower after Federal Reserve Chair Jerome Powell warned that the central bank could face difficult tradeoffs in trying to cushion the U.S. economy from the fallout of President Trump's trade war. Wall Street's fear gauge, the SIBO volatility index, jumped nearly 9 percent after falling for three trading days. The dollar, meanwhile, extended its decline.

Earlier, the Commerce Department had said that retail sales rose a better-than-expected 1.4 percent in March from the previous month and before President Trump's Liberation Day announcement of sweeping new tariffs on April 2nd.

Earlier, the Commerce Department had said that retail sales rose a better-than-expected 1.4 percent in March from the previous month and before President Trump's Liberation Day announcement of sweeping new tariffs on April 2nd.

And a survey of global fund managers by the Bank of America conducted in the days after that announcement found that almost half of them expected a hard landing for the global economy in the next 12 months. In the end, U.S. markets ended the day down. The Dow dipped about 1.7 percent, and the S&P 500 lost more than 2 percent.

And a survey of global fund managers by the Bank of America conducted in the days after that announcement found that almost half of them expected a hard landing for the global economy in the next 12 months. In the end, U.S. markets ended the day down. The Dow dipped about 1.7 percent, and the S&P 500 lost more than 2 percent.

The tech-heavy Nasdaq closed down just over 3 percent, dragged by NVIDIA that lost more than 7 percent. Federal Reserve Chair Jerome Powell has warned that the central bank could face difficult tradeoffs in trying to cushion the U.S. economy from the fallout of President Trump's trade war.

The tech-heavy Nasdaq closed down just over 3 percent, dragged by NVIDIA that lost more than 7 percent. Federal Reserve Chair Jerome Powell has warned that the central bank could face difficult tradeoffs in trying to cushion the U.S. economy from the fallout of President Trump's trade war.

In remarks at the Economic Club of Chicago today, Powell said large tariff increases that push up consumer prices while weakening economic activity would put the Fed in the uncomfortable position of having to choose, promote low inflation or foster a healthy labor market.

In remarks at the Economic Club of Chicago today, Powell said large tariff increases that push up consumer prices while weakening economic activity would put the Fed in the uncomfortable position of having to choose, promote low inflation or foster a healthy labor market.

The Fed chair implied that the central bank could elevate its inflation goal over its labor market mandate if the two were in conflict. In the discussion that followed, Powell described the possible effects of the significant policy changes the administration is making, particularly in trade.

The Fed chair implied that the central bank could elevate its inflation goal over its labor market mandate if the two were in conflict. In the discussion that followed, Powell described the possible effects of the significant policy changes the administration is making, particularly in trade.