That former "expressed a desire to maintain an inside information sharing relationship" and had ties to Chinese government-backed talent recruitment programs.
Another individual once gave "economic modeling code to a Chinese university with ties to the People’s Bank of China," the report says. Though, the Fed is wrong so often, maybe it was a disinformation campaign on our part?
Yet another employee "attempted to transfer large volumes of data from the Fed to an external site on at least two occasions," the Journal wrote.
In a letter to Sen. Rob Portman of Ohio, the committee’s top Republican, Jerome Powell wrote that he would be concerned about "any supportable allegation of wrongdoing, whatever the source," before adding: "In contrast, we are deeply troubled by what we believe to be the report’s unfair, unsubstantiated, and unverified insinuations about particular staff members.”
Portman replied that he hoped the investigation “wakes the Fed up to the broad threat from China to our monetary policy."
"The risk is clear,” he wrote.
Chinese officials in 2019 detained a Fed economist and tried to coerce him to share data and information on U.S. government policies: WSJ
He was then promptly released when Beijing discovered nobody at the Fed has any clue what's going on? — zerohedge (@zerohedge) July 26, 2022
We don’t need a federal reserve.
I wonder how many “suicides” linked to this are not reported in the news, or reported with no mention of occupation.
Nobody at the Fed has any clue what’s going on.
Chang Lee nods