Investment Firm Sues Jerome Powell, Federal Reserve Over Closed-Door Meetings

The Fed is “deliberately undermining the public accountability envisioned by Congress,” said Azoria Capital in court documents.

Federal Reserve Chairman Jerome Powell testifies during a hearing before the House Committee on Financial Services on Capitol Hill in Washington on June 24, 2025. Madalina Kilroy/The Epoch Times

Investment firm Azoria Capital has filed a lawsuit against Federal Reserve Chair Jerome Powell and other monetary policymakers to block next week’s closed-door meeting.

The firm claims that the interest rate-setting Federal Open Market Committee (FOMC) meetings, which are closed to the public, violate a 49-year-old federal transparency law.