More recently, the question of Fed leaks has focused on the Federal Reserve Bank of New York, where an employee passed confidential information to a banker at Goldman Sachs Group Inc. That episode raised concern about ties between government agencies and the financial industry.
The 2012 report on the FOMC came from Medley Global Advisors, a member of Washington’s policy intelligence community. Medley was founded in 1997 by Richard Medley, former chief political strategist for George Soros. Medley left the firm in 2005 and died in 2011 at age 60.
Firms like Medley try to glean information and insights about policy-making for hedge funds and other clients.
Medley issued its FOMC report on Oct. 3, 2012, one day before the Fed released its minutes. People who received the Medley report could have positioned to profit from a decline in U.S. Treasury security prices that followed the Fed’s official release......
What We Still Don’t Know About the Fed’s Leak Investigation
by Jake Bernstein ProPublica, March 25, 2015