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Friday, August 21, 2015

Top Bloomberg editor exits after Federal Reserve data flub


Top Bloomberg editor exits after Federal Reserve data flub

“Sorry” doesn’t cut it at Bloomberg.
Chris Wellisz, a top Bloomberg editor who on Wednesday afternoon inadvertently broke an embargo of highly sensitive Federal Reserve data, left the company Thursday, The Post has learned.
The 15-year veteran of the financial news giant had published a single headline about July Fed meeting information 24 minutes before a 2 p.m. “embargo” agreement.
The early headline, which suggested that the central bank was getting closer to raising interest rates, caused Treasury bond prices to tumble before the Fed released the full minutes to the public.
Wellisz was a well-regarded team leader for U.S. economic policy who started his Bloomberg career in Singapore and Japan, according to his LinkedIn profile.

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