News Snapshot:
China seeking to infiltrate Fed, senior Senate Republican says A senior U.S. Republican lawmaker accused China of a broad campaign to obtain confidential information from the Federal Reserve, including recruiting central bank staffers and detaining a Fed employee visiting Shanghai. The report, from Ohio Sen. Rob Portman, said the Fed’s own investigations had identified several employees with connections to Chinese talent recruiters, as well as efforts to gain insight into monetary policy and access to internal data. “The risk is clear, I urge the Fed to do more, working with the FBI, to counter this threat from one of our...
