A federal judge in Washington has rejected an investment firm’s request to force the Federal Reserve to open its closed-door monetary policy meetings to the public.
U.S. District Judge Beryl A. Howell on July 28 denied Azoria Capital Inc.’s request for an emergency order requiring the Fed to hold its upcoming interest rate deliberations in public.
Azoria Capital sued last week, arguing that the central bank’s decades‑long practice of holding Federal Open Market Committee (FOMC) sessions behind closed doors violates the “Government in the Sunshine Act.” That law generally requires multimember agencies to allow the public to attend their meetings, a standard Azoria claims the Fed failed to meet, subjecting the company to irreparable harm….