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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The Senate has confirmed Jerome Powell to serve another term as chairman of the Federal Reserve. It's a powerful job that puts Powell at the center of the fight to control inflation.
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The latest consumer prices report is expected to show annual inflation in April was a little lower than the month before — cold comfort to people whose paychecks don't go as far as they used to.
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The Labor Department reports on monthly job gains for April Friday morning. The month began with a record number of job openings, which is good for prospective employees.
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The Federal Reserve on Wednesday raised interest rates by half a percentage point, as it escalates its fight against inflation.
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The Fed is likely to raise interest rates by a half-percentage point Wednesday, in an effort to crack down on inflation. It's the first rate hike of that size in more than two decades.
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U.S. GDP shrank in the first few months of the year, but the economy may be sturdier than it looks. -
Inflation isn't just an American problem — it's happening in places around the world and stretching some countries to the point of political unrest.Many
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Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.
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The Labor Department is issuing its monthly report card on jobs and unemployment. The job market has been unusually tight, which is pushing up both wages and prices.
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Consumer prices surge 7.9% in February from a year ago, keeping inflation at a 40-year high.
