A former senior adviser to the Federal Reserve, John Harold Rogers, was arrested today for allegedly selling sensitive US economic data to China. Rogers, 63, is accused of conspiracy to commit economic espionage and making false statements ¹ ² ³.

According to the indictment, Rogers exploited his position at the Federal Reserve to access confidential information, including data on US tariffs, interest rates, and Federal Open Market Committee (FOMC) policies. He then shared this information with Chinese intelligence agents posing as students, receiving $450,000 from a Chinese university for his services ¹ ² ³.

The Justice Department alleges that Rogers' actions gave China an unfair economic advantage, allowing them to manipulate the US market and minimize losses or maximize gains from US economic policies. Rogers' arrest serves as a warning to those who would betray the United States for personal gain ¹ ². #USFederal