👇 Mark Paoletta is General Counsel of the Office of Management and Budget.
How did Jerome Powell, who became Federal Reserve Chairman in 2018, miss this spy who worked at the Fed??
As President Trump pointed out in January, Powell has been focused on the wrong things, like DEI, “green” energy and climate change.
President Trump’s DOJ team, including then US Attorney @EagleEdMartin , indicted this guy within first two weeks of Trump 47 Administration.
“As alleged, the defendant violated the trust placed in him by the Federal Reserve Bank by putting U.S. trade secrets in the hands of his PRC co-conspirators, knowing full well that such information would benefit the PRC Government and PRC instrumentalities,” said Devin DeBacker, head of the Justice Department’s National Security Division. “The Justice Department will continue to use all the tools at its disposal to disrupt economic espionage and protect our national security.”
“President Trump tasks us with protecting our fellow Americans from all enemies, foreign and domestic. As alleged in the indictment, this defendant leveraged his position within the Federal Reserve to pass sensitive financial information to the Chinese government, a designated adversary,” said U.S. Attorney Edward R. Martin Jr. for the District of Columbia. “Let this indictment serve as a warning to all who seek to betray or exploit the United States: law enforcement will find you and hold you accountable.”
… confidential Federal Reserve information to exploit our markets & damage our country. In 2023, he was paid $450,000 for “teaching” at a Chinese university.A SPY FOR CHINA AT JEROME POWELL’S FEDERAL RESERVE – A Chinese SPY worked as a senior advisor at the Federal Reserve and delivered sensitive economic data to China from at least 2018 until 2021, according to a January 2025 DOJ indictment.
— Mark Paoletta (@MarkPaoletta) July 31, 2025
This economist allegedly gave China…
How did Jerome Powell, who became Federal Reserve Chairman in 2018, miss this spy who worked at the Fed??
As President Trump pointed out in January, Powell has been focused on the wrong things, like DEI, “green” energy and climate change.
President Trump’s DOJ team, including then US Attorney @EagleEdMartin , indicted this guy within first two weeks of Trump 47 Administration.
“As alleged, the defendant violated the trust placed in him by the Federal Reserve Bank by putting U.S. trade secrets in the hands of his PRC co-conspirators, knowing full well that such information would benefit the PRC Government and PRC instrumentalities,” said Devin DeBacker, head of the Justice Department’s National Security Division. “The Justice Department will continue to use all the tools at its disposal to disrupt economic espionage and protect our national security.”
“President Trump tasks us with protecting our fellow Americans from all enemies, foreign and domestic. As alleged in the indictment, this defendant leveraged his position within the Federal Reserve to pass sensitive financial information to the Chinese government, a designated adversary,” said U.S. Attorney Edward R. Martin Jr. for the District of Columbia. “Let this indictment serve as a warning to all who seek to betray or exploit the United States: law enforcement will find you and hold you accountable.”
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