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Trump Admits Financial Penalties on Russia ‘May or May Not’ Work

President Trump’s threats have raised questions about how much leverage the United States has left with Moscow.

© Tierney L. Cross/The New York Times

Mr. Trump appeared to accept that the personal diplomacy he has tried to wield has failed, and issued an ultimatum that if Russia did not agree to a peace deal in two weeks, the United States would impose tariffs and sanctions on the country.
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Powell Tells Trump He Was Wrong About Renovation Costs During Fed Visit

President Trump is used to world leaders bowing down to him, and to cabinet members fawning over him. Jerome H. Powell, the chair of the Federal Reserve, took a different approach.

© Haiyun Jiang/The New York Times

President Trump toured the Federal Reserve’s renovation site on Thursday with Jerome H. Powell, the Fed chair.
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