Scott Horsley

Myron is a Harvard-trained economist who previously worked at the Treasury Department during Trump's first term in office. He's also a fellow at the conservative Manhattan Institute. Trump plans to nominate Myron to lead the President's Council of Economic Advisors. If confirmed by the Senate, he'll help the White House to interpret economic conditions. and have a hand in shaping policy.

Trump said in a social media post that Myron will work with the rest of his economic team to deliver a quote great economic boom that lifts up all Americans. Trump returned to the White House at a time when the U.S. economy is already growing at a solid clip with low unemployment and cooling inflation.

Trump said in a social media post that Myron will work with the rest of his economic team to deliver a quote great economic boom that lifts up all Americans. Trump returned to the White House at a time when the U.S. economy is already growing at a solid clip with low unemployment and cooling inflation.

Polls show many Americans are unhappy though about the cumulative price hikes over the last five years. Scott Horsley, NPR News, Washington.

Polls show many Americans are unhappy though about the cumulative price hikes over the last five years. Scott Horsley, NPR News, Washington.

All the major stock indexes dropped sharply after the Fed signaled that it may keep interest rates higher for longer than investors had expected. On average, members of the central bank's rate-setting committee now expect rates to fall just half a percentage point in 2025, not the full point they were projecting back in September.

All the major stock indexes dropped sharply after the Fed signaled that it may keep interest rates higher for longer than investors had expected. On average, members of the central bank's rate-setting committee now expect rates to fall just half a percentage point in 2025, not the full point they were projecting back in September.

Inflation has been sticky in recent months, and some of President-elect Donald Trump's policy proposals could push prices higher. Given that, Fed Chairman Jerome Powell says it makes sense to proceed with caution.

Inflation has been sticky in recent months, and some of President-elect Donald Trump's policy proposals could push prices higher. Given that, Fed Chairman Jerome Powell says it makes sense to proceed with caution.

Powell says the U.S. economy continues to perform well, giving the Fed more latitude to take its time in lowering rates. Scott Horsley, NPR News, Washington.

Powell says the U.S. economy continues to perform well, giving the Fed more latitude to take its time in lowering rates. Scott Horsley, NPR News, Washington.

Good morning, Steve.

Good morning, Steve.

Good morning, Steve.

Well, policymakers are expected to lower their benchmark rate by a quarter percentage point this afternoon. That'd be the third rate cut since September. And it would leave interest rates a full percentage point lower than they were back in the summer.

Well, policymakers are expected to lower their benchmark rate by a quarter percentage point this afternoon. That'd be the third rate cut since September. And it would leave interest rates a full percentage point lower than they were back in the summer.

Well, policymakers are expected to lower their benchmark rate by a quarter percentage point this afternoon. That'd be the third rate cut since September. And it would leave interest rates a full percentage point lower than they were back in the summer.

No. Inflation has come down a lot in the last couple of years, but it's still higher than the Fed would like. And in fact, some of the progress we've been seeing on prices appears to have stalled in the last few months. Fed Governor Chris Waller gave a speech earlier this month where he talked about just how stubborn inflation has proven to be.

No. Inflation has come down a lot in the last couple of years, but it's still higher than the Fed would like. And in fact, some of the progress we've been seeing on prices appears to have stalled in the last few months. Fed Governor Chris Waller gave a speech earlier this month where he talked about just how stubborn inflation has proven to be.

No. Inflation has come down a lot in the last couple of years, but it's still higher than the Fed would like. And in fact, some of the progress we've been seeing on prices appears to have stalled in the last few months. Fed Governor Chris Waller gave a speech earlier this month where he talked about just how stubborn inflation has proven to be.