News Snapshot:
By Kate O’Keeffe and Nick Timiraos July 26, 2022 5:00 am ET China tried to construct a community of informants contained in the Federal Reserve system, at one level threatening to imprison a Fed economist throughout a journey to Shanghai until he agreed to present nonpublic financial information, a congressional investigation discovered. The investigation by Republican employees members of the Senate’s Committee on Homeland Security and Governmental Affairs discovered that over a decade Fed staff had been provided contracts with Chinese expertise recruitment packages, which frequently embrace money funds, and requested to present data on the U.S. financial system, rate...
