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Jon Hilsenrath

, the chief economics correspondent for The Wall Street Journal, will join

Fox Business Network

as a contributor, the TV-news outlet said Thursday.

Hilsenrath will continue his duties at the Journal, while making appearances on both Fox Business Network and

Fox News Channel

. The two TV networks are operated by 21st Century Fox while the newspaper is owned by News Corp. Both companies are controlled by

Rupert Murdoch

.

Hilsenrath is expected to make his first on-air appearance on Fox Business Friday morning on the network’s “Opening Bell with Maria Bartiromo,” according to a network spokeswoman.

Hilsenrath covers the Federal Reserve along with the United States and global economies, and has been with The Wall Street Journal since 1997. He previously served as the paper’s Markets Editor, overseeing the global stock, bond and currency markets. He has also worked as a freelance reporter for The New York Times and Time, as well as a finance reporter for Knight-Ridder Financial News.

2014 Variety Media, LLC, a subsidiary of Penske Business Media; Distributed by Tribune Content Agency, LLC