The Reporter Who Knows What Jerome Powell Is Thinking

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The Reporter Who Knows What Jerome Powell Is Thinking
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.NickTimiraos has developed a reputation for knowing what the Fed is going to do before everyone else does. jenwieczner spoke with the reporter playfully referred to as the “Fed whisperer” for his recent prescience about the central bank’s next move

to a financial analyst led to the resignation of a prominent Fed official as well as a criminal investigation.)

Regardless of whether Timiraos has backstage access, his track record is so perfect that the most highly respected investors take his reporting as gospel. “He, at times, becomes the chosen messenger for the Fed when the FOMC wants to get word out to the markets,” says Kathy Bostjancic, chief U.S. economist at Oxford Economics. Adds Mohamed El-Erian, former CEO of bond giant PIMCO and, “His signaling of what the Fed is thinking and likely to do has proven to be extremely insightful.

On Fed meeting days, Timiraos says, his routine is actually quite pedestrian. He drops his 5-year-old twins off at school before heading to, where the Fed currently holds its press conferences. “I don’t find it boring at all. I mean, I love it. But I recognize that they put out a statement every six to eight weeks that’s basically the same,” he says.

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