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PodcastSquawk on the StreetSeptember 30, 2026

Inside Man: How Chinese Spies Used Lies, Romance and Betrayal to Target the Federal Reserve

A Chinese operative spent years grooming a Fed economist via a staged relationship to extract Fed policy insight and documents.

  • Ex-Fed economist targeted: John Rogers, a senior Fed advisor, was cultivated from 2013 by Hu Min Li (US government identifies him as Jin Chuan), an alleged Chinese intelligence officer posing as a PhD student.
  • Romance as recruitment tool: Li facilitated Rogers' marriage to a Chinese woman, Yu Yu, handling her divorce, paternity test, and visa — textbook intelligence-service leverage, per ex-CIA officer Ralph Goff.

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