The judge rejected the request by Trump's allies to disclose the Federal Reserve interest rate meetings
A U.S. investment fund Azoria Capital, led by Trump's ally James Fishback, sued the Federal Reserve, requesting that the upcoming interest rate decision meetings be fully open to the public. They cited the U.S. "Sunshine Act" (similar to an "open government law"), arguing that the public has the right to attend such key economic policy meetings.
A federal court judge in Washington rejected this request. The reason was that the FOMC (Federal Open Market Committee) is not defined as a "government agency" under the law, and therefore does not apply to the "Sunshine Act," and there is no need to make the meeting public. The tradition of closed-door meetings by the FOMC for several decades has been maintained by the judge.
Original article: https://www.toutiao.com/article/1838930490170507/
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