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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MARY LOUISE KELLY, HOST:

Updated April 15, 2021 at 4:52 PM ET

Signs of an economic boom are emerging as Americans open up their wallets to spend freely.

Retail sales soared 9.8% in March, according to a report Thursday from the Commerce Department. The increase follows a 2.7% slump in February, which analysts blamed partly on severe winter weather.

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STEVE INSKEEP, HOST:

Prices for some of your favorite things are going up. The big question is how long the price hikes will last.

Consumer prices rose 0.6% in March, according to the Labor Department — the sharpest increase in nearly nine years. Higher gasoline prices account for nearly half the increase, but prices for hotel rooms, baseball tickets and haircuts were also higher.

The United States may just become the engine of global economic growth this year, according to a new forecast released Tuesday by the International Monetary Fund.

The IMF expects the U.S. economy will grow 6.4% this year, its strongest growth in decades. That's faster than the 5.1% growth it was projecting just two months ago and nearly double the growth rate it predicted in October.

It's an idea that has been debated widely across global capitals: impose the same minimum corporate tax rate all over the world to prevent companies from shopping around for the country that can offer the smallest tax bill.

Now, it has a powerful new adherent. Treasury Secretary Janet Yellen on Monday expressed support for a minimum tax rate, providing the vital backing of the U.S. government.

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AUDIE CORNISH, HOST:

Employers added more than 900,000 jobs in March as the public health outlook improved and the federal government pumped more money into people's pockets. President Biden celebrated the jobs tally as he spoke to reporters this morning at the White House.

Updated April 2, 2021 at 12:34 PM ET

Hiring accelerated last month as U.S. employers added 916,000 workers to their payrolls. It was the largest job gain since August, fueled in part by an improving public health outlook and a new round of $1,400 relief payments.

President Biden cheered the encouraging jobs report during remarks to reporters at the White House.

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RACHEL MARTIN, HOST:

Millions of people are at risk of losing electricity in the coming weeks because of unpaid power bills, even as Congress has authorized billions of dollars in supplemental relief.

Overdue power bills have mushroomed during the pandemic as job losses mounted and residential power consumption soared.

Many states restrict power shutoffs during the winter. But with those safeguards expiring in more than a dozen states this month, the threat of widespread power interruption is growing.

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SCOTT SIMON, HOST:

Updated March 26, 2021 at 11:29 AM ET

Updated at 11:29 a.m.

George Holland, the mayor of Moorhead, Miss., remembers the feeling when he heard that Regions Bank was closing its branch in his small, rural town a few years ago.

"That was actually the only bank in our community and the next-closest bank was probably 8, 9 miles to Indianola," Holland said. "I was thinking, 'What are we going to do?' "

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AUDIE CORNISH, HOST:

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STEVE INSKEEP, HOST:

A year after the pandemic plunged the U.S. economy into it worst crisis since the Great Depression, Federal Reserve Chairman Jerome Powell is largely satisfied with the central bank's rapid-fire response.

"I liken it to Dunkirk," Powell said in an interview with NPR's Morning Edition, referring to the emergency rescue of British and Allied forces from France in World War II. "It was time to get in the boats and get the people, not to check the inspection records and things like that. Just get in the boats and go."

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