Trump Ally Sues Powell Demanding FOMC Meeting Public Access

An investment firm headed by a supporter of President Donald Trump sued Federal Reserve Chairman Jerome Powell and other Fed officials demanding public access to monetary policy meetings.

James Fishback’s Azoria Capital said in a suit filed Thursday that the decades-old practice of holding Federal Open Market Committee meetings behind closed doors violates government transparency laws. The fund asked a federal court in Washington to require the Fed to open its July 29-30 meeting.

“Azoria is deeply concerned that the FOMC, under Chair Jerome Powell, is maintaining high interest rates to undermine President Donald J. Trump and his economic ...