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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Stocks fell sharply across the globe on Monday, as worries about the U.S. economy triggered a worldwide sell-off. The Dow Jones Industrial Average tumbled more than 1,000 points or 2.6%.
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The stock market tumbled Friday after a weaker-than-expected jobs report. Together with a gloomy factory survey, the news has investors worried about a broader economic slowdown.
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U.S. employers added just 114,000 jobs in July as the unemployment rate rose to 4.3%. The weaker-than-expected report is adding to fears of an economic slowdown.
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The Fed kept interest rates unchanged at the highest in more than two decades. Investors are betting it will start to lower rates at its next meeting in September.
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Grocery prices are stabilizing, but many Americans still feel a financial sting at the grocery checkout aisle.
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Some low-income families are keeping their homes dangerously hot in an effort to save money on their electricity bill as summer temperatures heat up.
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Food prices have largely leveled off, but many people are still frustrated when they go to their local grocery store.
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Inflation fell in June, as a drop in gasoline prices more than offset the modest monthly rise in rent. This could help clear the way for the Federal Reserve to cut interest rates in September.
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Federal Reserve Chairman Jerome Powell visits Capitol Hill on Wednesday to take questions on the economy and interest rates.
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Federal Reserve chairman Jerome Powell testified before a Senate committee today. As inflation cools, the central bank is weighing when it's safe to start cutting interest rates.