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Fed cooperating with probe on leak: Yellen

Federal Reserve Chair Janet Yellen speaks during a press conference at the Federal Reserve in Washington, DC, March 18, 2015US Federal Reserve chairwoman Janet Yellen on Monday said the central bank was cooperating with authorities over the alleged leak of confidential information in 2012 ahead of a crucial meeting of the bank’s monetary policy panel. The Justice Department is probing what it suspects were organized leaks, carried out before an important monetary policy decision by the Federal Open Market Committee (FOMC) in October of that year, Yellen said in a letter to lawmakers. Medley Global Advisory, a Financial Times unit that sells analyses to investors, on October 3, 2012 published confidential information on a meeting of the Fed’s monetary policy committee held in September.

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