Reported 2 days ago
A money manager filed a lawsuit against Federal Reserve Chair Jerome Powell and other officials, claiming that the Fed violates a 1976 federal law by holding closed meetings for its Federal Open Market Committee (FOMC). The suit requests a temporary restraining order to mandate that future meetings be public, arguing that secrecy undermines accountability and may be politically motivated. This legal challenge is compounded by pressures from the Trump administration regarding the Fed's interest rate policies.
Source: YAHOO