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 Labor Department also reports the unemployment rate held steady at a historically low 3.7%.
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The Federal Reserve held interest rates steady on Wednesday, but indicated that rates could fall in the coming months if inflation continues to cool.
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The Federal Reserve faces a key decision this year: When to start cutting interest rates now that inflation is starting to ease? It's a call that could have a significant impact on the economy.
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Greyhound bus stations are being shut down and redeveloped. The closures are leaving passengers without a warm place to get a snack, use the restroom or wait for the bus.
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The U.S. economy grew substantially faster in the final months of 2023 than forecasters had expected. For all of last year, the economy grew 3.1% — defying forecasts of a likely recession.
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The Labor Department delivered a report card on inflation Thursday. Price hikes have been cooling in recent months, and Americans are starting to take notice.
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U.S. employers added 216,000 jobs in December, as the unemployment rate held steady at 3.7%. The labor market proved resilient in 2023, despite rising interest rates.
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The Labor Department delivers its final jobs report of 2023 Friday morning. The job market held up well last year, despite rising interest rates.
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Will the economy continue to bubble like freshly-popped champagne, or will we suffer a hangover from inflation and high interest rates. Forecasters expect somewhat slower growth and lower inflation.
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Inflation eased this year, and wages are now climbing faster than prices. Americans are still spending, even if they have to borrow money to do so.