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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Banks closed a record number of branches last year as the pandemic pushed more customers to online and mobile banking.
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The Federal Reserve chairman tells NPR that the U.S. economy is on a clear path to recovery thanks to the Fed's rescue plan and the stimulus passed by Congress.
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Jerome Powell and Treasury Secretary Janet Yellen will tell Congress the economy is recovering but that more needs to be done to get to pre-pandemic levels
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The Federal Reserve has raised its forecast for economic growth, thanks to an improving public health outlook and trillions of dollars in federal spending.
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The $1.9 trillion relief bill includes a new monthly allowance for American parents that could help provide a critical lifeline.
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Economists expect the additional federal spending, coupled with an improving public health picture, will jumpstart economic growth this year.
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Meanwhile, the unemployment rate dipped to 6.2% last month as the winter wave of coronavirus infections eased.
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U.S. factories are thriving thanks to unexpectedly strong demand for all kinds of goods, but that is also leading to unexpected headaches.
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Backers of the president's ambitious stimulus plan say it will help struggling families and businesses, but critics say it goes too far.
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Powell warned it will take time to put millions of jobless Americans back to work, while also downplaying inflation threats.