You are viewing the "Scott Horsley | NPR" Archives
![](https://woub.org/wp-content/uploads/2022/08/irving.lifestyle4-478643ef99b661aa787abcfd0ea8a983746a03f8-e1661115602416-900x422.jpg)
These are some of the ways inflation is changing Americans’ spending habits
By: Scott Horsley | NPR
Posted on:
WASHINGTON, D.C. (NPR) — With inflation near a four-decade high, American shoppers are watching their pennies and adjusting their spending habits – and the businesses that cater to them are… Read More
![Federal Reserve Chair Jerome Powell looks on after taking the oath of office for his second term at the helm of the central bank at the Fed's headquarters in Washington, D.C., on May 23.](https://woub.org/wp-content/uploads/2022/06/gettyimages-1240861787-7c12f08fe26c026725346add38bd16a821d8ee4c-scaled-e1655321951570-900x422.jpg)
The Fed delivers biggest interest rate hike in decades to combat surging inflation
By: Scott Horsley | NPR
Posted on:
WASHINGTON, D.C. (NPR) — The Federal Reserve escalated its battle against inflation Wednesday, announcing the largest interest rate hike in 28 years as the central bank struggles to regain control… Read More
![A customer shops at a grocery store in San Rafael, Calif., on June 8.](https://woub.org/wp-content/uploads/2022/06/gettyimages-1401803788-0ce15f546900635dfd13dfda51132fc13607ddca-scaled-e1654887711909-900x422.jpg)
Inflation soars to an over 40-year high. These are the ways Americans are coping
By: Scott Horsley | NPR
Posted on:
Updated June 10, 2022 at 9:51 AM ET WASHINGTON, D.C. (NPR) — Clay Watkins loves LaCroix brand sparkling water — especially the watermelon flavor. So the suburban Chicago school teacher… Read More
![A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues](https://woub.org/wp-content/uploads/2022/05/gettyimages-12407089961-ebed2b46abe943689232afd15d3db41384123738-scaled-e1652978374994-900x422.jpg)
How the U.S. got into this baby formula mess
By: Scott Horsley | NPR
Posted on:
Like a baby’s temper tantrum, the meltdown in the infant formula market has been building for some time. The Food and Drug Administration announced emergency measures this week to get… Read More
![A house available for rent on March 15, 2022 in Los Angeles, California.](https://woub.org/wp-content/uploads/2022/05/gettyimages-1385513917-25bfc3f1f9ea2784740e32071b62c285dccad981-scaled-e1652299900121-900x422.jpg)
Inflation may be easing — but low-income people are still paying the steepest prices
By: Scott Horsley | NPR
Posted on:
Updated May 11, 2022 at 8:37 AM ET WASHINGTON, D.C. (NPR) — Four-dollar gasoline and five-dollar hamburger are putting a squeeze on Tanya Byron’s pocketbook. But it’s the rent that… Read More
![Federal Reserve Chair Jerome Powell testifies about monetary policy and the state of the economy before the House Financial Services Committee in Washington, D.C., on March 2.](https://woub.org/wp-content/uploads/2022/05/gettyimages-1376447398-6bdd17a5683c38e12067e209dce1d4df6f8b53bd-scaled-e1651699413692-900x422.jpg)
The Fed raises interest rates by the most in over 20 years to fight inflation
By: Scott Horsley | NPR
Posted on:
WASHINGTON, D.C. (NPR) — The Federal Reserve ordered the largest interest hike in more than two decades Wednesday as part of its escalating campaign to battle stubbornly high inflation. The… Read More
![A restaurant displays a "Now Hiring" sign amid the coronavirus pandemic, on August 4, 2020 in Arlington, Virginia.](https://woub.org/wp-content/uploads/2022/04/gettyimages-1227910666-8b89be8bcd1d4a760c59d1ed871e04c1d376f140-scaled-e1649860031769-900x422.jpg)
Why there are growing fears the U.S. is headed to a recession
By: Scott Horsley | NPR
Posted on:
WASHINGTON, D.C. (NPR) — Warning lights are flashing for the U.S. economy. A growing number of forecasters now believe a recession is on the horizon as the Federal Reserve gears… Read More
![A shopper walks through a grocery store in Washington, D.C](https://woub.org/wp-content/uploads/2022/04/gettyimages-1239161116-b8a59eaa6f071f0d7d4d3c37a8b5d53b308502e9-scaled-e1649786154870-900x422.jpg)
How soaring inflation forces stark choices
By: Scott Horsley | NPR
Posted on:
Updated April 12, 2022 at 8:36 AM ET WASHINGTON, D.C. (NPR) — From rising rent to higher heating bills, surging inflation impacts everybody, but it poses a particular hardship for… Read More
![A car sits in the Morton parking lot on Ohio University's campus with a charger in its port](https://woub.org/wp-content/uploads/2020/03/IMG_3074-scaled-e1648235477268-900x422.jpeg)
Gas prices got you wanting an electric or hybrid car? Well, good luck finding one
By: Scott Horsley | NPR
Posted on:
WASHINGTON, D.C. (NPR) — With gasoline prices topping $4 a gallon, many drivers are looking for a car that will go farther on a gallon of gas, or maybe one… Read More
![A hiring sign is posted outside a business in Huntingdon Valley, Pa.](https://woub.org/wp-content/uploads/2022/03/ap_22053668113989-1d149a0b73671e3b7db5eafcfc28c78e11cb97ee-scaled-e1646426978916-900x422.jpg)
The U.S. added 678,000 jobs in February. It’s another sign of a hot labor market
By: Scott Horsley | NPR
Posted on:
Updated March 4, 2022 at 9:08 AM ET WASHINGTON, D.C. (NPR) — Hiring accelerated sharply last month as U.S. employers added 678,000 jobs, the largest gain since last July, and… Read More
![People shop in The Galleria mall in Houston](https://woub.org/wp-content/uploads/2022/01/gettyimages-1355725228-b0f832d707e410ffe2609aae0dcd5631d0c8bd9a-scaled-e1643300543791-900x422.jpg)
Believe it or not, the economy grew last year at the fastest pace since 1984
By: Scott Horsley | NPR
Posted on:
WASHINGTON, D.C. (NPR) — Last year saw the fastest economic growth since Ronald Reagan was president. But for many people, 2021 felt less like “Morning in America” and more like… Read More
![Cameron Mitchell operates 60 restaurants in more than a dozen states. Rising expenses have forced him to increase menu prices three times this year.](https://woub.org/wp-content/uploads/2021/12/cameron-mitchell_wide-edaa33bb9833742bf6b754459a99bc7a1ce90f47-scaled-e1639172573835-900x422.jpg)
Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades
By: Scott Horsley | NPR
Posted on:
Updated December 10, 2021 at 9:09 AM ET WASHINGTON, D.C. (NPR) — If you think your grocery bill has gone through the roof this year, you can appreciate what’s happened… Read More
![A phone on the IRS website](https://woub.org/wp-content/uploads/2021/10/gettyimages-1228983091-cff8f664ac6ad1659e4a78ad4c352d3e4492ec7c-scaled-e1635198702418-900x422.jpg)
Does the IRS really want to spy on your bank account? The latest tax fight, explained
By: Scott Horsley | NPR
Posted on:
WASHINGTON, D.C. (NPR) — A new fight is brewing over taxes. The Biden administration wants to require banks to provide the Internal Revenue Service with information about how much money… Read More
![A "We are hiring" sign is paired with a pandemic-themed sign in the window of a store in Miami. Restaurants and other in-person businesses are looking to hire more workers at a time when some are wary of returning to work or are busy with caregiving.](https://woub.org/wp-content/uploads/2021/05/gettyimages-1305540126-5e29a5a14aac8f21be00e9bbad8bf22132ea6c9a-scaled-e1620401423939-900x422.jpg)
Spring Letdown: Hiring Slows In April, Raising New Challenges For Economy
By: Scott Horsley | NPR
Posted on:
U.S. employers added 266,000 jobs last month, far fewer than analysts had expected. The unemployment rate rose to 6.1%.
![A store in Miami displays a "We are hiring" sign on March 5. U.S. employers added 916,000 jobs in March, the biggest number since August, amid an improving pandemic outlook and trillions of dollars in stimulus passed by Congress.](https://woub.org/wp-content/uploads/2021/04/gettyimages-1305540124-7a9370cb39172c4246a648d9d8973bd666b70322-scaled-e1617371555759-900x422.jpg)
Roaring Back: Employers Add 916,000 Jobs As Economy Emerges From Winter Slump
By: Scott Horsley | NPR
Posted on:
Hiring by U.S. employers accelerated sharply amid an improving public health outlook and a new round of $1,400 relief payments.
![A man walks past a "Now Hiring" sign in front of a store in early December in Arlington, Va. U.S. employers added 379,000 jobs in February, as hiring picked up sharply from the previous month.](https://woub.org/wp-content/uploads/2021/03/gettyimages-1229892232-8d2857259f760f6973adc471313eddab271977b8-scaled-e1614966425786-900x422.jpg)
A Sign Of Hope After ‘Winter Hibernation’: Employers Add 379,000 Jobs
By: Scott Horsley | NPR
Posted on:
Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.
![Federal Reserve Chair Jerome Powell testifies during a House Financial Services Committee hearing on Dec. 2, 2020. Powell appeared before the Senate Banking Committee on Tuesday and argued the U.S. economy still has a long way to go to recover millions of lost jobs.](https://woub.org/wp-content/uploads/2021/02/gettyimages-1229907337-717c86d2cc312fcf2692c2b871473eb2b3677aa1-scaled-e1614117528588-900x422.jpg)
Fed Chair Jerome Powell Warns Of Long Road Ahead To Recover Millions Of Lost Jobs
By: Scott Horsley | NPR
Posted on:
Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.
![A "store closed" sign is posted at a store in Los Angeles on July 16, 2020. The U.S. economy slowed sharply in the last three months of the year from the previous quarter as the pandemic made a resurgence.](https://woub.org/wp-content/uploads/2021/01/gettyimages-1227657844-95daffcb6fe691c3833488e1d48ceb06dfe31f21-scaled-e1611855587217-900x422.jpg)
U.S. Economy Slows Sharply As Pandemic Resurges
By: Scott Horsley | NPR
Posted on:
The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a surge in coronavirus infections weighed on in-person businesses like restaurants.
![Lights placed as a memorial to COVID-19 victims surround the Lincoln Memorial Reflecting Pool on Jan. 19. Some economists believe deaths tied to alcohol use, drug use and suicides have risen during the pandemic as the isolation felt by many has taken an emotional toll.](https://woub.org/wp-content/uploads/2021/01/ap_21019852137579-28aea7dba90424c85c4a6d2b466a1b72dcbbef9a-scaled-e1611676524795-900x422.jpg)
They Lost Sons To Drug Overdoses: How The Pandemic May Be Fueling Deaths Of Despair
By: Scott Horsley | NPR
Posted on:
As drug overdose deaths rise during the pandemic, a former White House economist says social isolation could be partly to blame.
![A woman sits in a theater in Irvine, Calif., waiting for a movie to start, on Sept. 8. A COVID-19 vaccine could unleash pent-up spending from households that have mostly avoided activities like going to the gym during the coronavirus pandemic.](https://woub.org/wp-content/uploads/2020/11/ap_20255783397536-dde24f0c5f179bc18aaa433055a1841178729143-scaled-e1605543802442-900x422.jpg)
Vaccine Could Unlock Trillions In Spending, Leading To ‘Biden Boom’
By: Scott Horsley | NPR
Posted on:
Pent-up demand from households that have been cooped up over the last eight months could drive a spending boom in the spring, providing a big boost to the economy.
![Hundreds of unemployed Kentucky residents wait in long lines outside the Kentucky Career Center in Frankfort for help with their unemployment claims on June 19. New research shows savings built up by the jobless are starting to run out.](https://woub.org/wp-content/uploads/2020/10/gettyimages-1221088472-rsz-f275a0702889752c2451a856ab882f727b3bccec-scaled-e1603132849889-900x422.jpg)
‘I’m Still Unemployed’: Millions In Dire Situation As Savings Start To Run Out
By: Scott Horsley | NPR
Posted on:
Many unemployed Americans have been tapping into their savings to pay bills. But those savings are going fast, and hopes for a new round of pandemic relief before the election are fading.
![A construction worker roofs an apartment complex in Uniondale, N.Y., on May 27. U.S. employers added fewer jobs last month even as the unemployment rate fell to 8.4%.](https://woub.org/wp-content/uploads/2020/09/gettyimages-1227409408-2ad29d4520a6482dfe50f1c950bdbf557b24a1a7-scaled-e1599230800291-900x422.jpg)
Job Gains Slowed Again In August As Employers Added 1.4 Million Jobs
By: Scott Horsley | NPR
Posted on:
Fewer jobs were added to the economy last month even as the unemployment rate fell to 8.4%. Job growth has slowed since June in a sign of what could be a long and painful recovery from the recession.
![The Federal Reserve knows that "higher prices for essential items such as food, gasoline and shelter add to the burdens faced by many families," Fed Chairman Jerome Powell said. But he noted that ultra-low inflation or deflation is also a threat.](https://woub.org/wp-content/uploads/2020/08/gettyimages-1211161943-2bbcb76be539fa83831bde8219054f6a97c8d66a-scaled-e1598556026483-900x422.jpg)
Fed Prepared To Let Economy Run Hotter
By: Scott Horsley | NPR
Posted on:
The Federal Reserve is adjusting its long-range policy on inflation and employment. The central bank said it’s now more concerned with prices that are too low than with runaway inflation.
![Heating and air conditioning external heat pumps](https://woub.org/wp-content/uploads/2020/08/AP_0107020208-e1597677598109-900x422.jpg)
Pandemic Electric Bills Are Searing Hot, As Families Stay Home
By: Scott Horsley | NPR
Posted on:
With lights out in many offices and millions of people plugging in at home, residential power bills are soaring, even as overall electricity consumption slumps during the recession.
![A sign advertises hiring of temporary workers at a Pier 1 store that's going out of business in Coral Gables, Fla. Last week, initial unemployment claims broke a 20-week streak of being above 1 million.](https://woub.org/wp-content/uploads/2020/08/ap_20219759891821-5358342211267b0f8893f7007a7a6186cbdcfac5-scaled-e1597344458253-900x422.jpg)
New Jobless Claims Dip Below 1 Million For 1st Time Since March
By: Scott Horsley | NPR
Posted on:
Initial unemployment claims had been above 1 million for 20 straight weeks. The total receiving unemployment also dipped, to 28.3 million, as of July 25.