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Keyword: fedeconomist

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  • China Targeted Fed to Build Informant Network, Access Data, a Probe Says

    07/26/2022 6:25:37 PM PDT · by george76 · 3 replies
    WSJ ^ | July 26, 2022 | Kate O’Keeffe and Nick Timiraos
    The investigation by Senate Republicans found that the decadelong effort included detaining a Fed economist in China.. China tried to build a network of informants inside the Federal Reserve system, at one point threatening to imprison a Fed economist during a trip to Shanghai unless he agreed to provide nonpublic economic data, a congressional investigation found. The investigation by Republican staff members of the Senate’s Committee on Homeland Security and Governmental Affairs found that over a decade Fed employees were offered contracts with Chinese talent recruitment programs, which often include cash payments, and asked to provide information on the U.S....