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A Top Fed Official Says the Trump Administration’s Threats Are ‘About Monetary Policy’

Neel T. Kashkari, president of the Federal Reserve Bank of Minneapolis, defended Jerome H. Powell, the Fed chair, in an interview. He also said interest rates should be held steady this month.

© Jenn Ackerman for The New York Times

Neel T. Kashkari of the Federal Reserve Bank of Minneapolis said the central bank had an opportunity “to explain to our constituents and the American people why Fed independence is so important to the health and the vibrancy of the American economy.”
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Venezuela Envoy to Visit U.S. for First Official Trip in Years

Félix Plasencia, an envoy of the interim government, will travel to the United States on the day the opposition leader María Corina Machado is to meet President Trump.

© Cristian Hernandez/Agence France-Presse — Getty Images

Félix Plasencia, then Venezuela’s foreign minister, in Caracas, Venezuela, in 2022.
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Banks Ready Battle Plans to Save Their Credit Card Businesses

“Everything’s on the table,” an executive at JPMorgan Chase said, as the industry seeks to head off President Trump’s effort to cap interest rates.

© Eduardo Munoz/Reuters

America’s biggest banks, including JPMorgan Chase, appear set to fight any effort by the White House to impose a cap on the credit card interest rates they charge.
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Minneapolis’s Limit

We look at how the actions of federal agents in Minneapolis are impacting life in the city.

© David Guttenfelder/The New York Times

In Minneapolis yesterday.
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Playing Catch on an L.A. Sidewalk? You May (Technically) Risk Jail Time.

A little-known and rarely enforced law prohibits ball games on some Los Angeles streets and sidewalks. The local council has begun the process of repealing it.

© Daniel Dorsa for The New York Times

A rarely enforced provision in the Los Angeles Municipal Code prohibits ball games on most streets or sidewalks in the city.
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A Week Without Heat in New York City

Some renters are constantly left without heat or hot water during the winter, leading them to bundle up in layers of clothing or risk fires by using space heaters.

© Elias Williams for The New York Times

Mercedes Escoto, 67, said it is sometimes so cold in her Bronx apartment that she can see her breath indoors.
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