Report: CCP Install Agents into US Federal Reserve

It is reported on July 26th, that the Chinese Communist Party (CCP) has carried out economic espionage operations to infiltrate the US Federal Reserve in the last 10 years, according to a report released by the Republican staff of the Senate Homeland Security and Government Affairs Committee on Tuesday.
Report shows, that the CCP’s agents have resorted to both bribery and coercion to garner influence with US Federal Reserve employees, and attempt to hire them for sensitive information about the U.S. economy to the CCP. Within eight of the Fed’s twelve locations, there are at least 13 individuals identified as persons of interest in the report having ties with Communist China’s government institutions and talent recruitment programs.
The report includes a case where a Fed employee was detained at least four times during his trip to Shanghai in 2019, Communist China’s local officials threatened his family to coerce him for sensitive macroeconomic data on the U.S. economy. Also, the CCP’s enforcement allegedly tapped the employee’s computer, copied his working contacts, and forced him to sign a letter that he never discloses their engagements at threat of imprisonment back to the US.
In another incident reported, a Fed employee shared a sensitive financial modeling code with a CCP-funded university linked to the People’s Bank of China, the regime’s central Bank.
It is recently reported that much of the behavior of concern to the committee was related to connections between Fed employees and the Chinese Government’s talent recruitment programs, where foreign academics, scientists, engineers, finance experts, or individuals with valuable technical know-how are offered lucrative postings in Communist China. Once arrives in China, foreign researchers are ultimately encouraged to share intellectual property and sensitive information with CCP-controlled entities.