Brian Gross, special assistant to the Fed for congressional liaison, is, the Financial Times reveals, the person who released the FOMC minutes shortly after 2 p.m. on Tuesday to about 100 congressional staffers and trade lobbyists.
The minutes of the latest Federal Open Markets Committee meeting reflect the same debate that’s been going on within the Fed for months now: While some participants favored winding down QE purchases relatively soon, the majority of the members see the benefits as outweighing the costs and want to see better data to support tapering QE3.
Two sources in Congress told the FT that the accidental release came from Gross, a special assistant to the Board of Governors who works on government relations.
According to Gross’ LinkedIn profile, he has extensive federal government experience, starting with work for former Sen. Phil Gramm, R-Texas.
Moran Zhang is a finance and economics reporter at The International Business Times. Her work has appeared in the Wall Street Journal Digital Network’s MarketWatch, United...