Scott Horsley
Scott Horsley is NPR's Chief Economics Correspondent. He reports on ups and downs in the national economy as well as fault lines between booming and busting communities.
Horsley spent a decade on the White House beat, covering both the Trump and Obama administrations. Before that, he was a San Diego-based business reporter for NPR, covering fast food, gasoline prices, and the California electricity crunch of 2000. He also reported from the Pentagon during the early phases of the wars in Iraq and Afghanistan.
Before joining NPR in 2001, Horsley worked for NPR Member stations in San Diego and Tampa, as well as commercial radio stations in Boston and Concord, New Hampshire. Horsley began his professional career as a production assistant for NPR's Morning Edition.
Horsley earned a bachelor's degree from Harvard University and an MBA from San Diego State University. He lives in Washington, D.C.
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Former Treasury official Sarah Bloom Raskin and economists Lisa Cook and Philip Jefferson are the three nominees Biden announced for the Fed board on Friday.
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Consumer prices were 7% higher in December than the year prior — the sharpest increase in nearly four decades. Many expect the Federal Reserve to raise interest rates to try to bring inflation down.
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Consumer prices are soaring at their highest annual pace in almost 40 years. Some progressives such as Sen. Elizabeth Warren blame corporate profiteering, but most economists scoff. -
Federal Reserve chairman Jerome Powell appeared before the Senate Banking Committee, which is considering his nomination for a second term. The central bank is under pressure to confront inflation.
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U.S. employers added 199,000 jobs in December — less than half the number than forecasters had expected. At the same time, the unemployment rate dropped to just 3.9%.
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U.S. employers added 199,000 jobs in December as the unemployment rate fell to 3.9%, marking a second consecutive month of disappointing numbers.
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Rising coronavirus cases are forcing the cancellation of sporting events, Broadway shows and in-person meetings. Economic fallout from the new omicron variant could come next.
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The Federal Reserve is paving the way for interest rate hikes next year after inflation accelerated to a near 40-year year high in November.
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The Federal Reserve is opening the door to possible interest rate hikes earlier next year than had been expected, as it wrestles with the highest inflation in nearly four decades.
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Faced with the highest inflation in nearly four decades, the Federal Reserve is expected to adjust its economic support Wednesday. That could set the stage for raising interest rates next year.
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Rent costs more this year. So does wrapping paper. Consumer prices overall were up 6.8% in November. That's the highest level of inflation since 1982.
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Businesses across the country, from restaurants to retail, must decide when, not if, to raises prices and by how much.
