Scott Horsley

The Federal Reserve is imposing new restrictions on investments by its senior officials as it seeks to address a controversy involving trades made by two regional Fed bank presidents last year.

The new rules prohibit policymakers and senior staff at the Fed from buying individual stocks. They're also barred from holding individual bonds as well as other market products including derivatives or any investments involving government-backed securities.

The chair of the Federal Reserve has one of the most powerful economic jobs in the world, with the ability to move markets with a single phrase.

Under Jerome Powell's leadership, the Federal Reserve has been instrumental in steering the economy from the depths of the pandemic in a quest to claw back the 22 million jobs that were lost.


Oil prices keep climbing, supply chains still tangled - and that's keeping inflation at its highest level in more than a dozen years. The Labor Department said this morning that consumer prices rose 5.4% during the 12 months ending in September. Price hikes accelerated in just the last month. NPR's Scott Horsley joins us. Scott, that is a long list of bummer items. Let's start with energy. Crude oil prices have risen sharply, and that's causing gas to rise. What's going on?

Updated October 13, 2021 at 8:42 AM ET

Here's another unexpected example of how supply chains have been upended by the pandemic: Glass bottles used for everything from vinegar to pasta sauces are getting tied up in their own bottlenecks. That's driving prices higher, when you can get the bottles at all.

Copyright 2021 NPR. To see more, visit


Three U.S.-based economists will share this year's Nobel Memorial Prize in Economic Sciences for their innovative work with "natural experiments" – events or policy changes in real life that allow researchers to analyze their impact on society.

Copyright 2021 NPR. To see more, visit


Three economists are sharing this year's Nobel Prize for their work on so-called natural experiments, including how changes in the minimum wage affect the labor market. NPR's Scott Horsley is here with details. Hey, Scott.

Copyright 2021 NPR. To see more, visit


Updated October 8, 2021 at 10:59 AM ET

A few months ago, forecasters thought September would be a banner month for hiring.

Schools would reopen, freeing parents to go back to work. Supplemental unemployment benefits that some employers blamed for keeping workers on the sidelines would expire. Most importantly, widespread vaccinations would put the pandemic in the rearview mirror.

It hasn't exactly worked out that way.

Copyright 2021 NPR. To see more, visit