In this engaging discussion, Derek Brower, FT U.S. News Editor, and Lauren Fedor, Deputy Washington Bureau Chief, reflect on the wild and bizarre political events of 2025. They dissect Trump's influence on the Federal Reserve, explore the dynamics of Democratic identity, and predict their strategies for the upcoming midterms. The guests also highlight the shifting sentiments among Latino voters and the potential implications of economic risks, including a looming AI backlash, that could reshape political landscapes in the near future.