Business Insider lays off Fed writer Da Costa

Pedro Da Costa, who had been writing about the Federal Reserve Board and the economy for Business Insider since the beginning of January 2017, has been laid off.

Da Costa said he plans to do some freelance work for the International Monetary Fund and World Bank, and he plans to take time to work on a book about the Fed that he’s been mulling for a while.

He joined Business Insider from the Peterson Institute for International Economics as an editorial fellow. Prior to PIIE, he wrote about economics and financial markets for The Wall Street Journal and Reuters, where he began his journalism career in 2001.

in 2010, he was a coauthor of the article “Club Fed: Ties That Bind at the Federal Reserve,” which helped spur the Fed to adopt a more open communications policy. His reporting in 2010 on the failure of some academic economists to disclose financial ties contributed to a new code of conduct adopted by the American Economics Association.

Da Costa grew up in Rio de Janeiro, Brazil, and Boston, Massachusetts. He earned a bachelor’s degree with honors in sociology from the University of Chicago and a master’s in international affairs from the University of California.