{"id":8773,"date":"2022-09-02T18:03:47","date_gmt":"2022-09-02T18:03:47","guid":{"rendered":"http:\/\/lonecandle.com\/?p=8773"},"modified":"2022-09-02T18:03:47","modified_gmt":"2022-09-02T18:03:47","slug":"china-targets-fed-to-gain-influence-senator-charges-drawing-powell-rebuke","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=8773","title":{"rendered":"China targets Fed to gain influence, senator charges, drawing Powell rebuke"},"content":{"rendered":"\n<p>\n\n&#8220;China has recruited Federal Reserve economists for more than a decade to share sensitive and confidential information about U.S. economic policymaking in a bid to gain influence over the central bank, a Senate Republican&nbsp;<a href=\"https:\/\/www.hsgac.senate.gov\/imo\/media\/doc\/HSGAC%20Report%20-%20China%20Threat%20to%20the%20Fed.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">charged in a report Tuesday<\/a>.<\/p>\n\n\n\n<p>The report from Sen. Rob Portman of Ohio, the top GOP lawmaker on the Homeland Security committee, detailed what Senate investigators called \u201clong-running and brazen actions by Chinese officials and certain Federal Reserve employees\u201d to replicate the playbook China has used to infiltrate the science and technology sectors. It involves recruiting industry experts to provide proprietary information or research in exchange for monetary benefits or other incentives, it said.<\/p>\n\n\n\n<p>&nbsp;The Fed has failed to effectively combat the threat and doesn\u2019t have sufficient expertise in counterintelligence or adequate policies to thwart China\u2019s influence campaign, which includes efforts to obtain information about interest-rate decisions, the report concluded. It calls on Congress to enact bipartisan legislation that would enhance security around federally funded research, among other measures.&#8221;&nbsp;&nbsp;<br><\/p>\n\n\n\n<p><a href=\"https:\/\/www.politico.com\/news\/2022\/07\/26\/china-fed-senate-report-00047810\">https:\/\/www.politico.com\/news\/2022\/07\/26\/china-fed-senate-report-00047810<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;China has recruited Federal Reserve economists for more than a decade to share sensitive and confidential information about U.S. economic policymaking in a bid to gain influence over the central bank, a Senate Republican charged in a report Tuesday.<\/p>\n<p>The report from Sen. Rob Portman of Ohio, the top GOP lawmaker on the Homeland Security committee, detailed what Senate investigators called \u201clong-running and brazen actions by Chinese officials and certain Federal Reserve employees\u201d to replicate the playbook China has used to infiltrate the science and technology sectors. It involves recruiting industry experts to provide proprietary information or research in exchange for monetary benefits or other incentives, it said.<\/p>\n<p> The Fed has failed to effectively combat the threat and doesn\u2019t have sufficient expertise in counterintelligence or adequate policies to thwart China\u2019s influence campaign, which includes efforts to obtain information about interest-rate decisions, the report concluded. It calls on Congress to enact bipartisan legislation that would enhance security around federally funded research, among other measures.&#8221;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[89,272,355,314,586,587,619],"class_list":["post-8773","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-china","tag-foreign-affairs","tag-foreign-policy","tag-international-relations","tag-the-fed","tag-the-federal-reserve","tag-united-states"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8773"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8773\/revisions"}],"predecessor-version":[{"id":8774,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/8773\/revisions\/8774"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}