Fed Day hits different this time

A new era is underway at the Federal Reserve — but not everyone is cheering. Anna and Jake break down today’s expected rate cut, the unusual dual role of Stephen Miran and the high-stakes fight over Lisa Cook’s future at the Fed. Plus: Democrats are rolling out their counteroffer in the government funding showdown. Can it change the shutdown math? Punchbowl News is on YouTube! Subscribe to our channel today to see all the new ways we’re investing in video. Want more in-depth daily coverage from Congress? Subscribe to our free Punchbowl News AM newsletter at punchbowl.news. Learn more about your ad choices. Visit megaphone.fm/adchoices