“Azoria Capital” has filed a lawsuit against Federal Reserve Chair Jerome Powell and other central bank officials, alleging the Fed is violating a 1976 law by holding monetary policy meetings in private.

The firm is asking a Washington, D.C., court to issue an emergency order requiring the Federal Open Market Committee (FOMC) to open its upcoming policy meetings to the public, arguing that closed-door deliberations hinder transparency and accountability.
Azoria claims the lack of real-time access prevents firms from adequately preparing for policy changes that may impact markets.
It also alleges the Fed’s current high interest rate policy is politically motivated, aimed at damaging former President Donald Trump’s economic agenda.

Azoria, however, lacks credibility. The firm is run by a Trump crony:

James Fishback, a Trump ally and former adviser to the Department of Government Efficiency (DOGE)
Fishback launched an anti-DEI exchange-traded fund at Trump’s Mar-a-Lago Club last year, the ETF began trading this month on the NYSE

This article was written by Eamonn Sheridan at investinglive.com.