April 17 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Federal Reserve Chair Jerome Powell said on Wednesday that the central bank may have limited ability to shield the economy from President Trump’s trade war, predicting higher consumer prices and unemployment in the near term.
- The Trump administration has directed the Internal Revenue Service to begin revoking Harvard University's tax-exempt status, a move that would end tax deductions for donors and impose taxes on the university's net earnings.
- Warehouse-focused Real Estate Investment Trust $(REIT)$ Prologis PLD.N said that President Trump's intensifying global trade war is driving demand for U.S. warehouse space, with clients stockpiling inventory, rerouting shipments, and leasing extra storage to preempt new tariffs.
- Alcoa AA.N expects a $100 million yearly impact from the Trump administration's aluminum import tariffs, CEO William Oplinger said.
- A U.S. federal judge on Wednesday found probable cause to hold Trump administration officials in criminal contempt for deliberately violating a court order against deporting Venezuelan migrants.
- Chris Krebs, a former senior Trump administration cybersecurity official now under federal investigation ordered by President Trump, vowed to resist what he called an unprecedented government effort to silence dissent, announcing his resignation from security firm SentinelOne S.N.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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