US Edition
Judge rejects bid by Trump ally to open Fed interest rate meeting to the public
- On Monday, US District Judge Beryl Howell denied Azoria Capital's request to make the Federal Reserve meetings public, ruling the Fed is not subject to the Government in the Sunshine Act.
- Amid closed-door traditions, the lawsuit claims Azoria Capital filed last week to compel Fed Chair Jerome Powell and the Federal Open Market Committee to open meetings, alleging violations of the Government in the Sunshine Act.
- The court held Howell denied the investment firm’s request, ruling the FOMC is not a government agency under the Sunshine Act, and dismissed the Federal Reserve’s lawyers' motion.
- Market observers note this week’s meetings will remain behind closed doors, with analysts expecting the Federal Open Market Committee to keep rates steady.
- In coming months, experts predict a rate cut in the fall as inflation nears the Fed’s annual target rate of 2%, though Powell remains noncommittal.
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19 Articles
19 Articles
Judge rails against last-minute bid by Trump ally to open Federal Reserve interest rate meetings to the public
A federal judge on Monday denied a request by a Donald Trump ally to force the Federal Reserve committee responsible for directing US monetary policy to make its meetings publicly accessible and accused an investment firm of wasting the court’s time.
·Atlanta, United States
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Parking and driving in the bike lane: What Montgomery County could change
A U.S. District Court judge rejected an investment fund’s bid to force the Federal Reserve to open to the public a meeting on setting interest rates. The decision found that the Federal Open Market Committee is not a government agency subject to the federal “Sunshine Act” requiring open meetings. The decision came shortly after Judge Beryl Howell questioned whether the lawsuit by Azoria Capital seeking the open meeting is a publicity stunt to ge…
·Washington, United States
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Total News Sources19
Leaning Left4Leaning Right3Center10Last UpdatedBias Distribution59% Center
Bias Distribution
- 59% of the sources are Center
59% Center
L 24%
C 59%
R 18%
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