Chinese spies tried to gain access to sensitive information at the Federal Reserve, in an attempt to influence the bank’s policies.

Anyway:

  • Sen. Rob Portman (R-OH) released a minority staff report for the Homeland Security and Governmental Affairs Committee that details how the Federal Reserve System has been targeted by Beijing. T
  • “A Federal Reserve counterintelligence analysis identified 13 persons of interest as having connections with known Chinese talent recruitment plan members or ‘having similar patterns of activity the [Federal Reserve] analysts deemed’ of potential concern,” the new report says. “Federal Reserve investigators dubbed these individuals, representing no fewer than 8 of the 12 Federal Reserve Banks, as the P-Network.”

Info comes via this link.

Reuters also have a piece up on the allegations:

  • promptly rejected by the Fed as “unfair, unsubstantiated, and unverified.”
spies 27 July 2022
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