John Harold Rogers, a former U.S. Federal Reserve official, has been accused of conspiring to steal Fed trade secrets to help China by the U.S. Justice Department.
The U.S. attorney’s office outlined the charges faced by Rogers, a former senior adviser for the Federal Reserve Board of Governors (FRB) arrested on Friday.
Newsweek has contacted the U.S. Federal Reserve and the Chinese embassy in Washington, D.C. for comment.
Why it matters
The Fed’s international finance division researches foreign economic activity, U.S. trade and global markets. The charges Rogers faces add to a climate of suspicion over claims China is undertaking an espionage campaign targeting U.S. government financial policies.
What to know
Rogers, 63, from Vienna, Virginia, has a Ph.D. in economics and was a senior advisor in the Fed’s international finance division from 2010 to 2021, according to …