On Thursday, Azoria Capital—led by Trump ally James Fishback—filed suit in Washington, D.C., claiming the Federal Open Market Committee’s secret sessions breach a 1976 statute requiring public access.
The complaint asks the court to compel the Fed to open its next policy meeting to the public. Azoria argues that real-time insight is essential for market participants to guard against abrupt rate changes and contends that the Fed’s reluctance to cut rates is driven by political bias against President Trump.
This legal challenge comes as Trump himself visits the Fed today and continues to pressure Chair Powell over high interest rates.
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