Federal authorities have arrested a former Federal Reserve senior adviser for allegedly giving inside economic information to China.

Senior economist John H. Rogers is accused of leaking inside information, briefing books from the Fed to two Chinese co-conspirators

Former Federal Reserve senior adviser John Harold Rogers was arrested for allegedly conspiring with Chinese officials to steal trade secrets and indicted on espionage charges.

The Federal Reserve is nearly certain to keep its key interest rate unchanged at its policy meeting this week, just a few days after President Donald Trump said he would soon demand lower rates.

The US Federal Reserve is on a collision course with Donald Trump, economists say, with the central bank set to keep interest rates on hold despite the president’s calls to reduce borrowing costs by “a lot”.

President Donald Trump renewed his complaints with the Federal Reserve after it left its benchmark interest rate unchanged.