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Judge rejects bid by Trump ally to open Fed interest rate meeting to the public

UNITED STATES, JUL 29 – Judge Beryl Howell ruled the Federal Open Market Committee is not subject to the Sunshine Act, allowing closed meetings despite a lawsuit alleging lack of transparency by Azoria Capital.

  • 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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illawarramercury.com.au broke the news in on Sunday, July 27, 2025.
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