Economic Espionage at Federal Reserve
John Harold Rogers, a former Federal Reserve adviser, has been charged with economic espionage for allegedly leaking trade secrets to China while working at the Federal Reserve Board of Governors.
Key Points
- John Harold Rogers leaked secret information from the Federal Reserve Board and its rate-setting committee to individuals posing as Chinese graduate students
- He solicited trade-secret information regarding economic data sets, including deliberations on tariffs against China
- Rogers shared the information electronically or printed it before traveling to China for meetings with his co-conspirators
Pros
- Highlighting the importance of safeguarding trade secrets and preventing economic espionage
- Emphasizing the need for strict policies and protocols when handling confidential information
Cons
- Potential damage to US-China relations
- Risk of compromising sensitive economic data