Matt Ming from Beijing, China via Wikimedia Commons

A new Senate report is now warning that multiple Federal Reserve officials with known ties to China still have their jobs overseeing some of the most sensitive areas of the American economy.

As The Daily Wire reports:

The Chinese government carried out a decade-long information theft campaign against the Federal Reserve, a report released Tuesday from Republican members of the Senate Committee on Homeland Security and Governmental Affairs revealed.

The Federal Reserve, charged with executing a dual mandate of maximum employment and stable prices, is presently determining policy to navigate the United States economy through the highest inflation rates in four decades. The report found that China — which holds nearly $1 trillion in Treasury securities — has used talent plan recruitment and promises of academic positions in an effort to gain influence and glean information from the central bank.

“The Chinese government makes no secret of wanting to be the world superpower,” the report said. “No sector or institution is off limits, and China has shown that it will use any means necessary to achieve its goals.”

China has been conducting its campaign against the Federal Reserve since at least 2013, according to the report, with investigators identifying 13 “persons of interest” at eight of the 12 regional Federal Reserve Banks as of 2015, based on their international travel patterns and other factors. The report details five more recent case studies of China seeking sensitive information from American economists, with four of the mentioned individuals retaining their employment at the central bank, a committee aide told CNN.

The stunning report also noted that The Federal Reserve ‘has been unable to counter China’s malign influence and collection campaign effectively.’




Comments

  1. WTF Yea and it starts with joe and hunter crime family,should all the biden crime family, be subject to a special grand jury prosecutor, appointed by Congress, to expose all the truth? Since the FBI AND DOJ are trying to sweep all under the rug like the Pelosi family.

  2. Well Xi has said he has plants in the highest levels of the US Government. When they say something we need to listen.

  3. The democrat party is now run and owned by the biggest crooks in this country, and they need to be weeded out and put in prison where they belong, starting with Joe, and Hillary, and pelosi, and right on down the list til we are rid of the cancer in our government. Then we will be a free people once more, with our destiny in OUR hands! They have shown in a year and a half what they want to do to our country, and we should ALL be ready to hold them responsible for their actions. Prison for all who have tried to destroy the USA!

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