Overview

• U.S. District Judge Beryl Howell rejected Azoria Capital’s request for a temporary order to make the Federal Open Market Committee’s meeting public.
• Howell determined that the FOMC is not an agency subject to the federal Sunshine Act’s open-meeting requirements.
• The judge questioned whether the lawsuit was filed primarily as a marketing tactic for James Fishback’s newly launched fund.
• Azoria’s complaint argued that Chair Jerome Powell kept interest rates high to undermine President Trump’s economic agenda.
• The Fed will proceed with its regular closed-door meetings Tuesday and Wednesday to set interest rates.