The Federal Reserve's July meeting is approaching, and Trump's allies have taken the matter to court: requesting that the closed-door meeting be made public

An investment company led by supporters of Trump has sued Federal Reserve Chairman Jerome Powell and other central bank officials, demanding that they change the closed-door nature of monetary policy meetings and disclose the contents of these meetings.

Azoria Capital, under James Fishback, filed the lawsuit in Washington federal court on Thursday, claiming that the long-standing practice of holding Federal Open Market Committee (FOMC) meetings behind closed doors violates government transparency regulations. The fund is requesting the court to order the Federal Reserve to disclose the contents of the monetary policy meeting held on July 29-30. The company stated in the lawsuit:

Azoria is deeply concerned about the FOMC maintaining high interest rates under Powell's leadership, as this undermines President Trump and his economic agenda, causing harm to American citizens and the U.S. economy.

The case is numbered Azoria Capital v. Powell, 25-cv-02388, and is being heard in the U.S. District Court for the District of Columbia.

A Federal Reserve spokesperson declined to comment on the lawsuit. Typically, the FOMC meets eight times a year to decide on interest rates and immediately releases a policy statement afterward. Powell then holds a press conference, answering reporters' questions for about an hour. Additionally, Federal Reserve officials often express their views publicly through speeches, interviews, and television programs. Detailed minutes of the FOMC meetings are released three weeks later, while complete meeting records are made public only after five years.

Trump has consistently criticized Powell for his reluctance to cut interest rates, and Fishback has expressed similar views on social media. In an interview, he stated, "The current decision-making logic of the Federal Reserve is unprecedentedly confusing. We want to advocate for the public's right to know and let them see what is happening behind the scenes."

Earlier this month, Azoria Capital also announced that one of its ETFs, which does not include companies with diversity, equity, and inclusion goals, has been listed on the New York Stock Exchange. Fishback had previously proposed issuing $5,000 "Dogecoin dividend checks" to taxpayers, citing savings from improved government efficiency, although the proposal was never adopted.

Recently, Fishback also established a political action committee named FSD (Fully Support Donald) specifically to support Trump