{"id":741,"date":"2025-08-04T18:11:43","date_gmt":"2025-08-04T18:11:43","guid":{"rendered":"https:\/\/www.sterlingcooper.info\/blog\/?p=741"},"modified":"2025-08-04T18:11:43","modified_gmt":"2025-08-04T18:11:43","slug":"chinese-communist-party-apparatus-infiltrated-the-federal-reserve-usa-is-cluless","status":"publish","type":"post","link":"https:\/\/www.sterlingcooper.info\/blog\/chinese-communist-party-apparatus-infiltrated-the-federal-reserve-usa-is-cluless\/","title":{"rendered":"CHINESE COMMUNIST PARTY APPARATUS INFILTRATED THE FEDERAL RESERVE, USA IS CLULESS!"},"content":{"rendered":"

Evidence of Chinese Infiltration at America\u2019s Central Bank<\/h1>\n

A decade-long infiltration campaign by the Chinese Communist Party has penetrated the Federal Reserve\u2014coercing employees, stealing sensitive data, and compromising America\u2019s financial core.<\/h3>\n
<\/div>\n
<\/div>\n
\n
\n
\n
\n
\n
\"\"<\/picture>\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/figure>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Most Americans have heard about Chinese spies targeting our military or hacking private companies. But there\u2019s another front in this quiet war, one that\u2019s gone largely unreported\u2014and it may be the most dangerous of all: China\u2019s long game to infiltrate and manipulate the United States Federal Reserve.<\/p>\n

A 2022 Senate investigation<\/a> offered a rare glimpse into this operation, but even that barely scratches the surface. What\u2019s playing out behind closed doors isn\u2019t just a few bureaucratic missteps or na\u00efve collaborations\u2014it\u2019s a full-blown economic espionage campaign.<\/p>\n

This is warfare without bullets.<\/p>\n

The Fed: A Prime Target for Chinese Espionage<\/strong><\/p>\n

The Federal Reserve is the engine of the U.S. economy. Its decisions move markets, shape global capital flows, and set the tone for the world\u2019s monetary system. Infiltrating the Fed doesn\u2019t just give China intelligence – it gives them influence.<\/p>\n

Over at least a decade, the CCP has targeted Fed employees through a mix of coercion, recruitment offers, unauthorized data access, and propaganda partnerships, mostly hidden behind Chinese academic institutions and think tanks.<\/p>\n

According to this damning Senate report<\/a>, the Fed\u2019s own counterintelligence team identified a group of 13 employees across eight regional banks\u2014internally referred to as the \u201cP-Network\u201d\u2014who exhibited serious red flags linked to the Chinese government.<\/p>\n

This pattern could be replicated at scale.<\/p>\n

Hard Evidence of Espionage and Infiltration<\/strong><\/p>\n

Here are some documented examples that received little attention from the mainstream media:<\/p>\n

1. Detained and Surveilled in China (Individual A)<\/em><\/p>\n

\u2022\u00a0 \u00a0 In 2019, a Fed employee was detained four separate times by Chinese authorities during a visit to Shanghai. He was threatened, told his family would be harmed, and coerced into handing over sensitive U.S. economic data. Chinese agents accessed his Fed laptop, phones, and internal contact lists. He was ordered to \u201ctell a good story about China\u201d back in the U.S. This employee returned to his post with full access to confidential monetary policy data.<\/p>\n

2. Secret Data Transfers to Chinese Institutions (Individual B)<\/em><\/p>\n

\u2022\u00a0 \u00a0 Another employee sent modeling code and restricted Fed data to a university linked to China\u2019s central bank (PBOC). He proposed deeper collaboration between his Reserve Bank and Chinese state institutions while maintaining access to Class II FOMC data, which includes sensitive internal forecasts and deliberations.<\/p>\n

3. Coordination with Chinese Propaganda Outlets (Individual C)<\/em><\/p>\n

\u2022\u00a0 \u00a0Another Fed employee took a paid visiting professorship in China funded by the CCP and subsequently acted as a liaison with Xinhua News Agency, the Chinese government\u2019s propaganda arm. He even helped Chinese journalists and officials gain access to Fed contacts, often bypassing formal Fed communication channels.<\/p>\n

4. Suspicious Talent Recruitment Programs (Individual D)<\/em><\/p>\n

\u2022\u00a0 \u00a0 Another Fed employee attempted to transfer large U.S. data sets to Chinese institutions. He was found to have joined the Thousand Talents Program, China\u2019s premier foreign recruitment tool for stealing scientific and economic research. This affiliation was never disclosed and the employee continued working at the Fed.<\/p>\n

A Named Case: John Harold Rogers<\/strong><\/p>\n

The Justice Department indicted John Harold Rogers, a former senior adviser in the Federal Reserve\u2019s Division of International Finance, for allegedly passing sensitive U.S. economic data to agents tied to the Chinese government\u00a0\u00a0.<\/p>\n

Rogers served at the Fed from 2010 to 2021, holding access to confidential materials related to FOMC deliberations, economic forecasts, and tariff policy analysis\u00a0\u00a0.<\/p>\n

He allegedly began working with Chinese co\u2011conspirators posing as university students starting around 2013, and intensified the misconduct after 2018, using personal email and printed documents to transfer restricted Fed data\u00a0\u00a0.<\/p>\n

In 2023, Rogers is accused of receiving approximately $450,000 from a Chinese university while teaching and meeting with these supposed \u201cstudents\u201d in China, including hotel rooms where he shared Fed trade secrets.<\/p>\n

I can exclusively reveal Rogers\u2019s even deeper ties to the CCP, as revealed throughout his resume.<\/p>\n

\n
\n
\"\"<\/picture>\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/figure>\n<\/div>\n

He delivered an address \u2013 \u201cThe New Paradigm and New Macroeconomy\u201d – at the China International Capital Corporation (CICC) Investment Strategy Conference on June 12th 2024. CICC is a Chinese partially state-owned multinational investment management and financial services company. He also spoke at the Western China International Finance Summit in 2023.<\/p>\n

Additionally, he\u2019s spoken at CCP-owned universities including Peking, Tsinghua, and the Shanghai University of Finance and Economics.<\/p>\n

His resume also includes countless works of academic research on topics including \u201cThe Effect of the China Connect\u201d; \u201cCrossing the Renminbi Rubicon: The Implications of China’s Policy Challenges and Capital Flows\u201d; \u201cU.S. China Tensions\u201d and \u201cVisible Hands: Professional Asset Managers\u2019 Expectations and the Stock Market in China.\u201d<\/p>\n

Former Fed Governor Frederic Mishkin also received an honorary professorship from Renmin\u2014China\u2019s top state-run economics university.<\/p>\n

Academia: The Trojan Horse of CCP Influence<\/strong><\/p>\n

Federal Reserve economists are coauthoring research with Chinese universities\u2014many directly tied to the CCP and its economic warfare apparatus.<\/p>\n

These aren\u2019t innocent academic projects; they\u2019re strategic intel-gathering operations. Every shared model, dataset, or forecast gives Beijing deeper insight into how the Fed thinks and moves.<\/p>\n

Let\u2019s call it what it is: infiltration disguised as scholarship.<\/p>\n

Now-indicted John Rogers, for example, has a robust history of co-authoring research papers with individuals from CCP-run institutions. Examples include<\/a> \u201cForward-Looking Monetary Policy and the Transmission of Conventional Monetary Policy Shocks\u201d alongside Wenbin Wu of Fudan University.<\/p>\n

A previously unreported form of influence also comes from the involvement of CCP-linked individuals actively working on research papers aimed at guiding the Fed on a variety of issues including China.<\/p>\n

During the Finance and Economics Discussion Series at the Fed in 2020, for example, the paper mentioned above was circulated to influence discussion surrounding variables used in projections.<\/p>\n

The paper<\/a> \u201cReserve Requirements and Optimal Chinese Stabilization Policy\u201d from the San Francisco Fed features two Fed employees in addition to researchers from Shanghai Jiao Tong University. This university has been caught engaging in both direct espionage and attempting to subvert Americans into leaking classified documents.<\/p>\n

\n
\n
\"\"<\/picture>\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/figure>\n<\/div>\n

No issue appears off limits, as a 2016 paper entitled<\/a> \u201cDoes Trade Liberalization with China Influence U.S. Elections?\u201d featured Justin R. Pierce, a member of the Board of Governors of the Fed, and Yi Che of the controversial Shanghai Jiao Tong University.<\/p>\n

\n
\n
\"\"<\/picture>\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/figure>\n<\/div>\n

\u201cThis paper examines the impact of trade liberalization on U.S. Congressional elections,\u201d begins the paper\u2019s abstract.<\/p>\n

Feng Dong and Yi Wen, of Shanghai Jiao Tong University and the St. Louis Fed, respectively, published<\/a> \u201cFlight to What? Dissecting Liquidity Shortages in the Financial Crisis \u201d concluding a \u201csharp reduction in the quality, instead of the liquidity, of private assets was the culprit of the recent financial crisis.\u201d<\/p>\n

\u201cIn particular, too much intervention for too long can depress capital investment,\u201d they continued.<\/p>\n

Even a cursory search of publicly available resumes for Fed employees reveals individuals like Haoyang<\/a> Liu, formerly at the Federal Reserve Bank of New York and now at the Dallas equivalent for having been educated at Shanghai Jiao Tong University. This was one of the universities singled out by the Senate report for targeting American Fed employees with espionage offers.<\/p>\n

\n
\n
\"\"<\/picture>\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/figure>\n<\/div>\n

These affiliations may appear harmless, but the Senate report empirically shows they are exactly the kinds of connections China uses to gain influence and extract sensitive insights.<\/p>\n

Under Powell: A Leadership Failure of Historic Proportions<\/strong><\/p>\n

Though some CCP activities predate Fed Chair Jerome Powell\u2019s tenure, the threat deepened dramatically under him.<\/p>\n

Despite receiving internal reports of attempted data thefts, coercion, and foreign recruitment, Powell\u2019s team allowed the implicated employees to keep working with minimal restrictions.<\/p>\n

The Fed also expanded international research collaborations without tightening security\u2014leaving the door wide open. Powell did not mandate disclosure of foreign academic affiliations or payments, even from known adversary nations.<\/p>\n

The only meaningful policy change came after the Senate launched its investigation, banning compensation from \u201ccountries of concern\u201d\u2014but still allowing Chinese affiliations if unpaid.<\/p>\n

The Big Picture: Economic Sabotage<\/strong><\/p>\n

This isn\u2019t just academic misjudgment. It\u2019s economic warfare.<\/p>\n

The Chinese Communist Party has made clear its goal is to replace the U.S. dollar with the yuan, dominate global finance, and sideline America from the world stage. Infiltrating the Fed gives them access to internal rate forecasts before public release, insights into inflation expectations, stress tests, and market interventions, and influence over who the Fed talks to\u2014and how.<\/p>\n

This is not just a scandal\u2014it\u2019s a national emergency. The CCP is already inside the house. If we don\u2019t act, we\u2019re handing them the keys to the global financial system\u2014and walking away.<\/p>\n","protected":false},"excerpt":{"rendered":"

Evidence of Chinese Infiltration at America\u2019s Central Bank A decade-long infiltration campaign by the Chinese Communist Party has penetrated the Federal Reserve\u2014coercing employees, stealing sensitive data, and compromising America\u2019s financial core. Most Americans have heard about Chinese spies targeting our military or hacking private companies. But there\u2019s another front in this quiet war, one that\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-741","post","type-post","status-publish","format-standard","hentry","category-china"],"_links":{"self":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/741","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/comments?post=741"}],"version-history":[{"count":1,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/741\/revisions"}],"predecessor-version":[{"id":742,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/posts\/741\/revisions\/742"}],"wp:attachment":[{"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/media?parent=741"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/categories?post=741"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sterlingcooper.info\/blog\/wp-json\/wp\/v2\/tags?post=741"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}