In Other News · United States · Business

Source: Axios

Both parties will be pressured to intervene more in markets after the midterms as economic frustration animates the new Congress, according to an FGS Global sketch of 2027 Washington scenarios, shared first with Axios.Why it matters: In a Trump-dominated Washington, Congress ceded much of its power and relevance. That'll change three weeks from Tuesday if Democrats win the House, as expected, and perhaps the Senate in the midterms.The new analysis by FGS, a worldwide strategic leadership advisory with huge clients, is a sequel to a popular FGS report that Jim VandeHei and I used as the basis for a series of popular "Behind the Curtain" columns before the 2024 elections.FGS bills "Alternative Futures: Beyond November" as a framework for processing the epic battles ahead: how power will get used, how both parties will evolve, and how business leaders can navigate the uncertainty."The 2026 midterms will begin — not end — a 27-month period of unusually high strategic uncertainty," the report says.Zoom in: Michael Feldman — FGS partner and co-chairman, North America — tells me that for Republicans, "intervention may mean tariffs, industrial policy, domestic manufacturing incentives, and other measures aimed at strengthening U.S. production capacity, economic security, and competitiveness.""For Democrats,...