Azoria Capital CEO Drops Bombshell: Accuses Powell of Money Laundering as Case Hits Emergency Hearing

Finance just got messier—and not in the 'creative accounting' way Wall Street loves.

Azoria Capital's CEO isn't mincing words, slamming Powell with explosive money laundering allegations. The lawsuit's now escalated to an emergency hearing, turning up the heat on what could be the financial scandal of the quarter.

No vague legalese here—just a high-stakes showdown that's got the whole industry leaning in. Will Powell's defense crumble faster than a shitcoin in a bear market? Stay tuned.

Fishback challenges Fed’s legal defense and secrecy

During the interview, James dismantled the Fed’s legal argument that the Sunshine Act doesn’t apply to the FOMC because it’s just a “subdivision” of the central bank. “They admit the Fed is covered by the law,” he said. “So how can the most powerful part of the institution, the one that sets rates, not be covered too?”

He called it a “fake carve-out” designed to avoid transparency. James also rejected the Fed’s claim that public meetings would trigger financial speculation.

“You can’t hide every meeting for 50 years using the same excuse. That’s not a legal exemption, that’s a loophole.” James said that if speculation was the concern, Powell wouldn’t give interviews or release minutes.

“In January 2022, Powell told reporters there wouldn’t be a rate hike in the next meeting. If that’s not fueling speculation, I don’t know what is. Most TTROs get tossed without a hearing. The fact that Judge Howard wants to hear from Powell’s lawyers on Monday is a big deal.”

Lawsuit could change how rate decisions are analyzed

James warned that the market isn’t ready. “Wall Street’s still asleep. They don’t think this will happen. They have no idea what’s coming.” If the judge grants the restraining order, James believes the Fed will delay the meeting by a few hours and announce a livestream. “They’ll have no choice. It’s a really bad look to defy a federal judge on transparency.”

He also slammed the ongoing renovation of the Fed’s building in D.C. as “unnecessary and taxpayer-funded.” He said those same taxpayers should be able to see what’s going on inside. “The people paying for this have no idea what’s happening. That’s the problem.”

James said that if the livestream happens, it will completely change how the markets react. “Right now, everyone waits for the press conference on Wednesday. They guess based on Powell’s tie color, how long he talks, what words he uses.”

He said with public access, the volatility will shift to Tuesday, when viewers can watch the decision-making live. “We’ll see who speaks up. Who objects. Who brings the real data and who’s just phoning it in.”

He expects to see clear political bias from some committee members and said the livestream would expose it. “You won’t hear someone say, ‘Trump said this so I’ll do that.’ But you will see subtle bias in how they respond to inflation or tariffs. And that’s what we need to see.”

James also mentioned that Governor Chris Waller is expected to dissent at the meeting. “Usually, you’d just see his name at the bottom of the statement. But if this is public, we’ll hear why he dissents and who pushes back against him.”

He said seeing that back-and-forth in real time would be the most important shift in how the Fed is understood. “Right now, it’s a black box. We’re flying blind.”

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