Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee questions Fed security after DOJ charges against a senior Fed economist; Powell says case 'taken very seriously'
Summary
Lawmakers pressed Chair Powell on reports that a senior Federal Reserve official is under DOJ investigation for economic espionage. Powell said he could not comment on specifics of the case but that the Fed conducts background checks and treats insider threats seriously.
Members raised a recent Department of Justice prosecution alleging that a senior Federal Reserve official shared nonpublic information with representatives of a foreign government.
Powell said he did not know the facts of the specific case but explained the Fed’s general practices: the system holds secret information about future policy and staff receive strict…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
