Photo: Lisa Du, Business Insider with AP
You can thank Jon Hilsenrath, the chief economics correspondent for The Wall Street Journal, for today’s stock market surge. The Dow is up more than 200 points after Hilsenrath broke the news last night that the Federal Reserve is now considering more action including another round of quantitative easing after a slew of weak economic data.
Of course, there’s no guarantee that QEIII is going to happen, but it’s on the table.
So who is this reporter whose article caused the market to move so much?
Hilsenrath is a Washington, D.C correspondent for the newspaper responsible for covering the Federal Reserve. It’s widely believed that he has better access to Ben Bernanke and the rest of the Fed than anyone out there.
This incredible access is why FT Alphaville’s Cardiff Garcia has dubbed him Fedwire — “the unofficial/official news service of the Federal Reserve.”
When it comes to Fed reporters, there are a few who have excellent access to the Fed, like the Washington Post’s Neil Irwin, but Hilsenrath is seen as the gold standard..
Here’s some more fun facts about Hilsenrath. [via UCLA Anderson School of Management]
- He was born in New York.
- Hilsenrath graduated from Duke University.
- He was in the Sigma Phi Epsilon fraternity, according a source.
- He received his MBA and master’s in journalism from Columbia University. At Columbia, he was a Knight-Bagehot fellow in 1995-1996.
- He joined the Journal in 1997 and became an editor at the paper in 2006.
- Before he joined WSJ, he worked as a freelance reporter for The New York Times and TIME Magazine in New York and Hong Kong. He was a finance and economics reporter for Knight-Ridder Financial News in D.C.
- He won the Best of Knight-Bagehot Award for excellence in economics writing in 2003.
- He contributed to the Wall Street Journal’s Pulitzer Prize-winning coverage of the Sept. 11th terrorist attacks.
- He regularly appears on CNBC.
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