Fed's Leak Probe Was Flawed and Conflicted, Lawmaker Writes

  • Internal inquiry didn't initially order e-mails be preserved
  • Letter is part of a continuing fight between the two bodies

The Federal Reserve failed to follow basic investigative techniques as it embarked on a probe into a 2012 leak of confidential information -- waiting at least 40 days to order employees to preserve leak-related e-mails, asking people to search their own computers for relevant documents and declining to tap its in-house watchdog, according to a House Republican.

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