Good morning, Chicago. My late sister worked as an analyst for several years at the Federal Reserve in Chicago, and I always thought of the institution as venerable but rather abstract in its operations and effects. But as we learned from the brutal upending caused by the 2008 financial crisis and the pandemic, the Fed’s actions have significant bearing on our lives and can be a stabilizing force.

The Fed has been in the headlines a lot lately as President Donald Trump challenges its independence. Two writers today delve into that issue. Our columnist Steve Chapman writes that Trump’s pick to replace Jerome Powell as chair has two options, and neither is palatable: Do the president’s bidding or remain resistant to political pressure and face his wrath. And a Northwestern professor offers this advice to the Fed if it wants to get the public in its corner: Clearly explain to everyday Americans how your actions are helping them in tangible ways.

Also in commentary, a former local prosecutor lays out the reasons why it’s nearly impossible for citizens to hold federal immigration agents accountable in court for abuses of power.

Regarding endorsements, the Tribune Editorial Board moves on to Illinois’ 4th Congressional District but notably is stymied in its desire to identify the best candidate. And that is because of retiring U.S. Rep. Jesús “Chuy” García’s last-minute machinations, the board says.

Finally, I recommend that you don’t skip our letters to the editor. All of the writers have thoughtful things to say about the CTA and the issues that plague it.

We’ll be back tomorrow.

— Colleen Kujawa, opinion editor

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