The Fed's exemption from many requirements of the Freedom of Information Act of 1966 results in

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The Fed's exemption from many requirements of the Freedom of Information Act of 1966 results in secret meetings to formulate policies. The exemption allows the Fed to keep many of its operations and decision-making processes confidential, which can limit transparency and public scrutiny. While some information is released to the public, there are limitations on what can be accessed and when, with much of the Fed's activities remaining shrouded in secrecy.

The Fed's Exemption from Many Requirements of the Freedom of Information