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Republican control of Washington will grant lawmakers a rare and limited window to reshape the way the Fed works.

A different kind of wartime Fed

The Federal Reserve has been fighting a yearslong war against inflation, cranking up interest rates in an effort to clamp down on price hikes.

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Punchbowl News Presents

We’re launching a weekly show on YouTube on September 4! Fly Out Day will include authentic conversations with the people shaping today’s biggest political stories, straight from our townhouse. Subscribe to our YouTube channel for early access.

Editorial photos provided by Getty Images. Political ads courtesy of AdImpact.

Punchbowl News Presents

We’re launching a weekly show on YouTube on September 4! Fly Out Day will include authentic conversations with the people shaping today’s biggest political stories, straight from our townhouse. Subscribe to our YouTube channel for early access.