host: adam andrzejewski,,. we are going to kick things off by chatting with brendan peterson, he is a financial services reporter for punch bowl news. good morning. guest: good morning. host: thank you for joining us. we know that federal reserve is meeting today and tomorrow. what are analysts expecting from the meeting? guest: we are expecting a 25 basis point hike. this is pretty much in line with how things have been going for the past 16 months or so. the federal reserve has been embarking on a historic interest rate raising campaign to bring down inflation. we paused last time, economists expect the fed to hike again. the real question looking forward is what the fed does after this. officials have projected they want to hold interest rates higher, rather than raising them every time. the question will become how long do we hold interest rates as high as they are? if the fed hikes tomorrow, we are looking at an interest rate between 5.2 5% and 5.5% of the federal level. host: we hear a lot about this soft

we are joined by openthebooks.com founder adam andrzejewski.will be discussing his research into waste and abuse in government spending. guest: great to be here. thanks for having me back. host: tell us about openthebooks.com. how long has it been around? how do you find what we see on the website? guest: we believe transparency is transformational. we are nonprofit and nonpartisan and believe that transparency revolutionizes public policy and politics. we started in the super bowl of corruption in 2011. we were the first to post the pensions of every illinois public employee at every level. and last year, we filed 55,000 freedom of information act requests. we captured nearly every dime spent at every level of government across the country. we do this so regular people can come to our website at openthebooks.com and follow the money. and hold the political class accountable. host: your website covers those federal and state level spending. it has analysis on where you see waste or fraud. guest: we open the books, audit the books. audits make n

we will talk with adam andrzejewski about his research into wnd abuse in government spending. also, a discussion on climate change policies and recent extreme weather patterns with bob inglis and david kieve, president of environmental defense action fund. washington journal is next. ♪ host: good morning, it is tuesday, july 25. the topic today is inflation. it is top