Trump ramps up pressure on Powell to cut interest rates
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Tensions continue to rise between President Trump and Federal Reserve Chair Jerome Powell and their latest disagreement happened in front of the public.
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Cryptopolitan on MSNNew lawsuit to make FOMC rate meetings public compounds Powell's problemsToday, Azoria Capital, a money manager, has sued Chair Jerome Powell and other central bank policymakers in a Washington, D.C., federal court. The lawsuit alleges the Fed is violating a 1976 federal law by keeping its monetary policy meetings behind closed doors.
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Filed in the U.S. District Court for the District of Columbia, Azoria Capital's lawsuit claims that the bank's closed-door meetings violate the Government in the Sunshine Act of 1976.
Fed Chair Jerome Powell stays silent on the central bank's monetary policy and interest rate cut decisions in today's meeting.