Federal Judge Shields Fed Secrecy: The Monetary Puppet Masters Get Another Free Pass

The Federal Judiciary Bends the Knee In a classic display of bureaucratic shielding, U.S. District Judge Beryl A. Howell tossed out Azoria Capital’s emergency motion to open the Fed’s monetary policy meetings to the public. That’s right—once again, the Federal Open Market Committee (FOMC) gets to hide behind closed doors while deciding the fate of your savings account. Azoria Capital Exposes Political Motives Azoria Capital—one of the rare firms with the guts to challenge the system—argued that the Fed’s secret powwows violate the Government in the Sunshine Act. That’s the law meant to prevent unelected technocrats from playing god in the shadows. But Howell, a loyal enforcer of the system, ruled that the Sunshine Act doesn’t apply to the FOMC.…