The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Jon Hilsenrath embodies The Navigator by charting a course through the Federal Reserve's opacity with disciplined triangulation, breaking news, contextualizing complexity, and enforcing accountability all at once. His dissection of post-crisis fiscal missteps shows a reader of institutional currents that others miss entirely.
“And so, if the whole nature of work is changing because of technology, then are we thinking about how we're going to manage the distributional effects of that? And I'm not like saying this as some kind of, you know, screaming, bleeding heart liberal.”
“Right, and I used to preach this to colleagues all the time. As a beat reporter, I felt like this is really important to me. I had three responsibilities. One responsibility was to break stories, right? That was those Fed scoops.”
“One other thing about the Fed is I live in Washington, DC. It's this place where, like, People like 90% of people, what they're doing, you know, 90% of the time is spinning you and trying to get you to believe a story that's in their personal institutional or economic interest.”
“Yeah, I mean, we could talk for a long time about that, but I wouldn't say that that was exactly the way it worked. So, and this is kind of why I had, you know, was a little uppity about the Fed Whisperer thing, is it wasn't like there was some bat phone sitting at my desk and like the phone rang and it was like, oh, yes, Chairman Bernank…”
Masters in Business: “What Went Wrong in Great Financial Crisis Stimulus with Reporter Jon Hilsenrath”
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