Digest opened free editor
Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.
A former federal reserve official was arrested on Friday after American prosecutors accused him of passing economic secrets to China.
John Harold Rogers, chief adviser to the International Finance Department in feeding From 2010 to 21, he used his position to reach sensitive data on the definitions targeting China, the surroundings of senior officials, and policy and advertising entrances, according to an indictment in the US Federal Court in Washington, DC on Friday.
Rogers, a 63 -year -old Virginia, was accused of transferring sensitive information to his personal email account before printing it and transferring it to the disguised Chinese officials as graduate students.
“Under the Star” Lessons “teaching, Rogers met with his conspirators in the hotel rooms in China, where he transferred sensitive secret information, trade that belongs to the Federal Reserve Council and (Federal Open Market Committee),” The Ministry of Justice said that it announced these charges , Adding that the economist has paid about $ 450,000 as a part -time professor at a Chinese university.
Rogers's lawyer could not immediately reach the comment.
The Chinese government is one of the largest global treasury holders, which the Federal Reserve bought in large quantities in the context of many quantitative packages, which continued after the 2008 global financial crisis even during the Corona virus.
Use interest rate decisions can also affect future monetary policy movements, and it is among the reports that have been closely monitored through global financial markets.
The numbers of the US Treasury turned out that as of November, China has officially occupied $ 768.6 billion of debt, making it the second largest foreign holder after Japan.
The indictment claims that sensitive information was shared from “at least 2018” with the alleged Chinese conspirators “who worked in the intelligence and security service in China and who put up graduate students at the University of Chinese”.
A federal reserve spokesman declined to comment.
This is a developing story
