CCP Intelligence Recruits US Federal Reserve Economists, Congressional Investigators Reveal

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Chinese intelligence has a systematic and well-funded campaign that successfully recruits U.S. Federal Reserve System economists and others to provide sensitive financial information and data in exchange for money and other benefits, according to Sen. Rob Portman (R-Ohio).

“This investigation makes clear that China’s malign efforts at influence and information theft are not limited to science and technology fields. American economic and monetary policy is also being targeted by the Chinese government,” Portman, the top Republican on the Senate Committee on Homeland Security and Governmental Affairs (HSGAC), said in a statement in conjunction with the release of a new report by congressional investigators.

The investigative report Portman made public on July 26 was prepared by the Republican staff of the Senate panel. The document updates a report on Chinese subversion in the United States released in 2019, when Portman was the committee’s chairman.

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