The central bank failed to prevent critical economic information from falling into the hands of "foreign adversaries," according to a report from its inspector general.
The internal oversight body of the Federal Reserve (Fed, the U.S. central bank) warned, on Thursday (16), that the BC needs to do more to protect sensitive economic information that is of interest to foreign opponents. The strong warning is contained in a new report from the Inspector General's Office, released one day after a former senior consultant of the Fed was sentenced to more than three years in prison for lying to federal investigators …
On Thursday (July 16), the Federal Reserve's Office of Inspector General warned that more measures are needed to protect sensitive economic information because hostile foreign powers are eyeing this classified information.