• New York Post, Friday, August 21, 2015 2:37 PM

Bloomberg News editor Chris Wellisz has resigned after accidentally breaking the Federal Reserve’s embargo on news about the minutes from the Fed’s July meeting, which many analysts say point to the likelihood of a rise in interest rates in September. According to the New York Post, Bloomberg jumped the gun with a headline sent to 325,000 customers 24 minutes before the 2pm embargo deadline on Wednesday. Following the publication, Treasury bond prices fell sharply. Bloomberg claimed the early publication was inadvertent, but this is the second time it has broken an embargo agreement with a central bank in recent years; in 2013 it released interest data from the Czech central bank one minute early, resulting in the firing of two Bloomberg reporters in Europe.

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