Gaining advanced knowledge of US economic policy, including advanced knowledge of changes to the federal funds rate, could provide China with an advantage when selling or buying US bonds or securities, as per the US Department of Justice.
The confidential information that Rogers allegedly shared with his Chinese co-conspirators, who worked for the intelligence and security apparatus of China and who posed as graduate students at a Chinese university, is economically valuable when secret.
Under the guise of teaching "classes," Rogers met with his co-conspirators in hotel rooms in China where he conveyed sensitive, trade-secret information that belonged to the FRB and the FOMC.
The story "Former Fed employee arrested for leaking US trade secrets to China: US DoJ" has 945 words across 24 sentences, which will take approximately 4 - 8 minutes for the average person to read.
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