From Sponsorship to Coercion: Senate’s Report Tells How the CCP Traps Fed Reserves Officials to Spy

A view of the Federal Reserve Building in Washington, on Sept. 16, 2008. Jim Young/Reuters

The Federal Reserve economists have been targets of the Chinese Communist Party (CCP) for years, a report (pdf) made available on July 26 by the Senate Committee on Homeland Security and Governmental Affairs indicates.

“China considers financial knowledge and economic capability to be a lynchpin to its military modernization efforts,” the report said.