Jerome Powell

The effects of that are likely to move us away from our goals. So unemployment is likely to go up as the economy slows in all likelihood, and inflation is likely to go up as tariffs find their way. And some part of those tariffs come to the... come to be paid by the public.

The effects of that are likely to move us away from our goals. So unemployment is likely to go up as the economy slows in all likelihood, and inflation is likely to go up as tariffs find their way. And some part of those tariffs come to the... come to be paid by the public.

Powell repeated his view that the central bank doesn't need to rush to lower interest rates while nodding to a fluid economic outlook. As we reported this morning, NVIDIA told investors that the U.S. is banning the sale of its H20 AI chips in China and a handful of other countries.

Powell repeated his view that the central bank doesn't need to rush to lower interest rates while nodding to a fluid economic outlook. As we reported this morning, NVIDIA told investors that the U.S. is banning the sale of its H20 AI chips in China and a handful of other countries.

NVIDIA is now caught between the world's two superpowers as they jockey to take the lead in AI development and could hurt the company's relationship with Wall Street. WSJ Heard on the Street columnist Asa Fitch joins me now with more. Asa, the H20 is not a huge part of Nvidia sales, yet it seems the government's restriction could create an issue for the company's performance on Wall Street, right?

NVIDIA is now caught between the world's two superpowers as they jockey to take the lead in AI development and could hurt the company's relationship with Wall Street. WSJ Heard on the Street columnist Asa Fitch joins me now with more. Asa, the H20 is not a huge part of Nvidia sales, yet it seems the government's restriction could create an issue for the company's performance on Wall Street, right?

As we mentioned in this morning's show, the company says it'll take a $5.5 billion charge in the current quarter. Is that all the financial effect they're expecting from this, or is there a longer-term impact?

As we mentioned in this morning's show, the company says it'll take a $5.5 billion charge in the current quarter. Is that all the financial effect they're expecting from this, or is there a longer-term impact?

This move from the government comes a day after NVIDIA says it'll make supercomputers entirely in the U.S. Where does that fit in with all of this?

This move from the government comes a day after NVIDIA says it'll make supercomputers entirely in the U.S. Where does that fit in with all of this?

That was WSJ Heard on the Street columnist Asa Fitch. Thanks so much, Asa.

That was WSJ Heard on the Street columnist Asa Fitch. Thanks so much, Asa.

Coming up, research goes on pause after Harvard pushes back against the Trump administration. That's after the break.

Coming up, research goes on pause after Harvard pushes back against the Trump administration. That's after the break.

Harvard University scientists are facing the prospect of laying off staff, euthanizing research animals, and bringing years-long science projects to a halt as a freeze on federal funds looms.

Harvard University scientists are facing the prospect of laying off staff, euthanizing research animals, and bringing years-long science projects to a halt as a freeze on federal funds looms.

On Monday, after the university rejected government demands to change its operations and how it admits students, the Trump administration said it would stop more than $2 billion in funds previously awarded to the school. Stop work orders began arriving soon after. For more on what this means for Harvard, I'm joined by Nidhi Subbaraman, who covers Science for the Journal.

On Monday, after the university rejected government demands to change its operations and how it admits students, the Trump administration said it would stop more than $2 billion in funds previously awarded to the school. Stop work orders began arriving soon after. For more on what this means for Harvard, I'm joined by Nidhi Subbaraman, who covers Science for the Journal.

So Nidhi, what does the pause in grant funding mean for research at Harvard?

So Nidhi, what does the pause in grant funding mean for research at Harvard?