Market News names acting ME, new Fed reporter

Karen Mracek, a Federal Reserve Board reporter for Market News International, has been named acting managing editor for the global news service.

Jean Yung, a reporter at Market news since March, is taking over the Fed beat from Mracek.

Mracek was previously with Kiplinger Washington Editors where she did business forecasting for The Kiplinger Letter. She provided commentary on a variety of economic indicators including employment, inflation, housing, consumer credit and trade.

She also worked at the Des Moines Register as the assistant business editor, where she covered banking and financial services, was a business reporter at the Arizona Daily Star in Tucson and led a regional business magazine in Eastern Iowa. She has an economics degree from the University of Florida.

Yung was previously a reporter and and editor at the Daily Journal in Los Angeles, where she managed a team of reporters covering entertainment law, labor and employment, M&A and corporate law, California courts, and judicial politics and state legislation.

Yung also worked as a reporter for Dow Jones Newswires, where she covered China’s economy and financial markets, with an emphasis on currency policy.

She has degrees from the University of Chicago and the University of Southern California.