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 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.
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Hiring slowed sharply last month, even as the unemployment rate fell to 4.2%. Data from the Labor Department suggest the economy was losing steam even before the appearance of a new COVID-19 variant.
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The latest jobs report from the Labor Department will be a snapshot of the job market before the arrival of the new coronavirus variant.
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Partridge prices are flat this year, but a pear tree will cost you more. Compared to overall inflation, though, the gifts in the song could be a relative bargain.
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The stock market took a dive on Tuesday, as investors fretted about the new coronavirus variant and the prospect of more long-lasting inflation.
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Stocks fell on Tuesday as investors weighed the potential economic fallout from the new coronavirus variant. Federal Reserve Chair Jerome Powell said the central bank could end its bond-buying early.
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President Biden highlighted the strength of the U.S. economy Tuesday afternoon, while also addressing rising prices. The administration is trying to lower gasoline prices, a major driver of inflation.
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President Biden plans to stick with Jerome Powell as chairman of the Federal Reserve. The Fed is wrestling with an uneven recovery and the highest inflation in more than three decades.