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Global Central Bankers Rally Around Fed Chair Powell Amid Criminal Investigation

The defense comes after Jerome Powell pushed back on what he described as pressure by the Trump administration to cut interest rates in the United States.

© Caroline Gutman for The New York Times

Central bankers around the world signed a statement of support for the Federal Reserve chairman, Jerome H. Powell, on Tuesday.
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The Powell Defense Grows

Former Federal Reserve chiefs, Republican senators and — perhaps most important, many bond investors — raised concerns about an investigation into the bank’s leader.

© Haiyun Jiang/The New York Times

Jay Powell, the Fed chair, has gained widespread support as a clash with the Trump administration escalates.
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The trans youth athletes in the US fighting for their rights: ‘Playing is an act of resistance’

As the US supreme court weighs bans on trans athletes, five students speak about the joy of sports and toll of exclusion

The US supreme court on Tuesday is considering state laws banning transgender athletes from school sports.

The cases were brought by trans students who challenged bans in West Virginia and Idaho barring trans girls from girls teams. The outcome could have wide-ranging implications for LGBTQ+ rights. A total of 27 states have passed sports bans targeting trans youth while more than 20 states have maintained pro-LGBTQ+ policies.

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© Composite: AP, Courtesy Haaga family

© Composite: AP, Courtesy Haaga family

© Composite: AP, Courtesy Haaga family

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2026 is already pure chaos. Is that Trump’s electoral strategy? | Moustafa Bayoumi

Less than two weeks into the year, the US is stoking mayhem at home and abroad – with midterms coming in the autumn

Have we ever seen a year in recent memory begin with as much deliberate turmoil as 2026 has? Less than two weeks into 2026, we have witnessed Donald Trump deploy US forces to depose and abduct the Venezuelan president, Nicolás Maduro, along with Cilia Flores, his wife and close political adviser. The US president then informed the world that the United States would “run” Venezuela for the time being, which he later explained could potentially last for several years.

Trump has also threatened – and then seemingly made peace with – the president of Colombia; seized at least five oil tankers in the Caribbean (actions that UN experts label illegal armed aggression); promised US military strikes targeting cartels in Mexico against the wishes of Mexico’s president, Claudia Sheinbaum; and frightened the people of Cuba with the prospect that Marco Rubio could be their next president.

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© Photograph: Kyle Stevens/Shutterstock

© Photograph: Kyle Stevens/Shutterstock

© Photograph: Kyle Stevens/Shutterstock

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Iran crisis live: UN says ‘cycle of horrific violence’ in Iran must end as official says 2,000 killed in crackdown

UN rights chief says ‘killing of peaceful demonstrators must stop’ as Iranian official tells Reuters around 2,000 have died

Non-essential French embassy staff have left Iran, two sources with knowledge of the matter told Agence France-Presse. The personnel left on Sunday and Monday, the sources added, without saying how many people had departed. “The protection of our personnel and our citizens is a priority,” a French foreign ministry official told AFP.

Commenting on the protests, the UN high commissioner for human rights Volker Türk said:

This cycle of horrific violence cannot continue. The Iranian people and their demands for fairness, equality and justice must be heard.

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© Photograph: MEK/The Media Express/SIP/Shutterstock

© Photograph: MEK/The Media Express/SIP/Shutterstock

© Photograph: MEK/The Media Express/SIP/Shutterstock

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The Jerome Powell investigation shows Trump’s need for limitless power | Austin Sarat

The inquiry into the Federal Reserve chair sends a message to anyone standing in Trump’s way – including the supreme court

News that Donald Trump’s justice department has launched an investigation of Jerome Powell, chair of the Federal Reserve, is the latest example of the president’s governing philosophy: do what I want, or I will crush you. The desire to make Powell’s life miserable is also a warning sign to anyone who thinks that they have an independent source of authority.

What is happening to Powell is a test, not just for him and the Fed, but for any other person or institution that dares to stand up to the president.

Austin Sarat, William Nelson Cromwell professor of jurisprudence and political science at Amherst College, is the author or editor of more than 100 books, including Gruesome Spectacles: Botched Executions and America’s Death Penalty

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© Photograph: Alex Brandon/AP

© Photograph: Alex Brandon/AP

© Photograph: Alex Brandon/AP

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« C’est une mesure sans précédent » : l’homme qui gère le dollar américain fait une déclaration historique

Jerome Powell Fed

Jerome Powell, président de la Réserve fédérale américaine, a pris la parole publiquement pour dénoncer une offensive inédite de l’administration Trump contre la banque centrale. Une déclaration grave, rare, et lourde de conséquences, qui met directement en jeu l’indépendance de l’institution chargée de piloter le dollar et les taux d’intérêt des États-Unis. Du jamais-vu à ce niveau.

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Russia working to circumvent sanctions to ensure India oil imports continue

Delhi is world’s second largest purchaser of Russian crude, which is now cheaper than oil from Middle East

Russia is already working to circumvent the latest US sanctions to ensure India can continue to import high levels of cheap Russian crude oil, according to industry analysts.

Since the outbreak of the Ukraine war, India has become the world’s second largest purchaser of Russian crude oil, which has been heavily discounted due to the impact of western sanctions.

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© Photograph: Adnan Abidi/Reuters

© Photograph: Adnan Abidi/Reuters

© Photograph: Adnan Abidi/Reuters

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Son of Deposed Shah of Iran Seeks Center Stage Amid Protests

Reza Pahlavi, living in exile in the United States, has long marketed himself as a future leader of Iran. His father’s repressive legacy casts a long shadow.

© Isabel Infantes/Reuters

A demonstration in London on Sunday called on the British prime minister to support the Iranian people. Some Iranian protesters have rallied around Reza Pahlavi, the exiled son of the last shah of Iran.
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Venezuela’s Oil Riches Are Years Off, but Winners and Losers Will Emerge

Companies that already have operations in the country stand to benefit, but those that have profited from a standoff between Caracas and Washington could lose out.

© Adriana Loureiro Fernandez for The New York Times

An oil refinery in Venezuela in 2020. Despite its massive oil reserves, Venezuela produces about 1 percent of the world’s oil.
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Facing Political Pressure, Trump Seeks Answer to Rising Housing Costs

White House officials have explored a vast array of ideas as the president looks to unfurl a housing affordability plan at an economic conference this month.

© Mike Belleme for The New York Times

Home prices have soared in recent years, climbing nearly 55 percent from the first quarter of 2020 to the third quarter of 2025.
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U.S. Emissions Jumped in 2025 as Coal Power Rebounded

The increase in planet-warming emissions came after two years of decline as demand for electricity has been surging.

© Charlie Riedel/Associated Press

A coal-fired power plant near Emmett, Kan. Demand for power has started surging in recent years amid a boom in data centers, an upswing of domestic manufacturing and the spread of electric vehicles.
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The Quest to ‘Make America Fertile Again’ Stalls Under Trump

Administration officials have been urging Americans to get married and procreate, but some conservatives are frustrated by a lack of action.

© Emily Elconin for The New York Times

Some Republican lawmakers and conservative policy groups have pushed unsuccessfully to significantly expand tax credits for families.
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’Shrooms Lead the Pack in Psychedelic Medicine, but Rollout Is Bumpy

Psilocybin-assisted therapy is legal in three states, but access has so far been limited and expensive.

© Mason Trinca for The New York Times

Dr. Bonny Koeber prepared a therapy room with sage before a patient arrived from New York for psilocybin therapy at Satya Therapeutics in Ashland, Ore.
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