Reported 1 day ago
A money manager, Azoria Capital, has filed a lawsuit against Federal Reserve Chair Jerome Powell and other policymakers in Washington, claiming they are violating a federal law by keeping FOMC rate meetings private. The suit demands these meetings be opened to the public, citing concerns that the Fed's high-interest rates are politically motivated and detrimental to the economy under President Trump's administration. The lawsuit highlights the need for transparency and accountability in the Fed’s decision-making process, arguing that current practices contravene the Government in the Sunshine Act of 1976.
Source: YAHOO