U.S. House panel issues subpoena to Fed over 2012 information leak

Michael Flaherty and Emily Stephenson of Reuters report:

The chairman of a U.S. congressional committee on Thursday subpoenaed Federal Reserve documents and communications related to a 2012 leak of monetary policy information, ramping up his attack of the central bank’s handling of the case.

Jeb Hensarling, a Republican of Texas who chairs the U.S. House of Representatives Financial Services Committee, said in a release that the Fed failed to comply with document requests from the panel in connection with market-sensitive information that was leaked to a private financial newsletter.

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