Attempt to make FOMC meetings public is 'frivolous' – experts
Legal action by Trump ally, if successful, would hamper discussion, says ex-Fed official
A lawsuit seeking to make the Federal Reserve’s monetary policy meetings open to the public would be detrimental to policy-making should it prove to be successful, experts tell Central Banking.
Azoria Capital – an investment fund run by James Fishback, an ally of president Donald Trump – has argued in a lawsuit that meetings of the Federal Open Markets Committee (FOMC) should be subject to the Sunshine Act. The act, passed in 1976, requires meetings of government agencies to be open to the
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