New York Times

1. Trump Gets to Pick a New Fed Chair but a Divided Board Still Gets a Say

   President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it.

2. Trump’s Tariffs Shrank the U.S. Trade Deficit in September

   The monthly trade deficit fell to its lowest level in five years after the president’s imposition of sweeping global tariffs. But it’s unclear whether the trend will persist.

3. This Isn’t the First Time the Fed Has Struggled for Independence

   The Trump administration is threatening the Fed’s autonomy, which the central bank regained with the Treasury-Fed accord in 1951.

4. Judge Orders Kilmar Abrego Garcia’s Release From ICE Detention

   The judge said it was “troubling” that the Trump administration had kept Kilmar Armando Abrego Garcia in custody for nearly four months without following through on its pledge to re-expel him.

5. Kristi Noem Testifies Before House Panel Amid Immigration Crackdown

   Kristi Noem, the homeland security secretary, has overseen President Trump’s immigration policy, including efforts to detain more immigrants and pause visa applications.