John Ydstie
John Ydstie has covered the economy, Wall Street, and the Federal Reserve at NPR for nearly three decades. Over the years, NPR has also employed Ydstie's reporting skills to cover major stories like the aftermath of Sept. 11, Hurricane Katrina, the Jack Abramoff lobbying scandal, and the implementation of the Affordable Care Act. He was a lead reporter in NPR's coverage of the global financial crisis and the Great Recession, as well as the network's coverage of President Trump's economic policies. Ydstie has also been a guest host on the NPR news programs Morning Edition, All Things Considered, and Weekend Edition. Ydstie stepped back from full-time reporting in late 2018, but plans to continue to contribute to NPR through part-time assignments and work on special projects.
During 1991 and 1992, Ydstie was NPR's bureau chief in London. He traveled throughout Europe covering, among other things, the breakup of the Soviet Union and attempts to move Europe toward closer political and economic union. He accompanied U.S. businessmen exploring investment opportunities in Russia as the Soviet Union was crumbling. He was on the scene in The Netherlands when European leaders approved the Maastricht Treaty, which created the European Union.
In August 1990, Ydstie was one of the first reporters on the scene after Saddam Hussein's Iraqi army invaded Kuwait. He accompanied U.S. troops to Saudi Arabia as a member of the Pentagon press pool sent to cover the Iraqi invasion for U.S. media outlets.
Ydstie has been with NPR since 1979. For two years, he was an associate producer responsible for Midwest coverage. In 1982, he became senior editor on NPR's Washington Desk, overseeing coverage of the federal government, American politics, and economics. In 1984, Ydstie joined Morning Edition as the show's senior editor, and later was promoted to the position of executive producer. In 1988, he became NPR's economics correspondent.
During his tenure with NPR, Ydstie has won numerous awards. He was a member of the NPR team that received the George Foster Peabody Award for its coverage of Sept. 11. Ydstie's reporting from Saudi Arabia helped NPR win the Alfred I. duPont-Columbia University Award in 1991 for coverage of the Gulf War. In 2016, Ydstie received a Gerald Loeb Award for financial reporting for his contributions to an NPR series on financial planning.
Prior to joining NPR, Ydstie was a reporter and producer at Minnesota Public Radio. Ydstie is a graduate of Concordia College in Moorhead, Minnesota, where he is now on the Board of Regents. He earned a Bachelor of Arts degree, summa cum laude, with a major in English literature and a minor in speech communications. Ydstie was born in Minneapolis and grew up in rural North Dakota.
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The May jobs report showed steady job creation. Payrolls expanded by 217,000, and unemployment held steady at 6.3%. And there was a milestone: The U.S. economy now has slightly more jobs than it did in December 2007, when the last recession began.
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The Obama administration has proposed rules for limiting greenhouse gases, but many of the details must still be set by states, leaving utilities unsure about specifics they'll be expected to achieve.
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The component of Obamacare that requires employers to provide health insurance has been delayed twice. Now, groups on both sides of the political spectrum are arguing to get rid of it altogether.
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Economists say too much income inequality is a bad thing. But they also say some inequality is necessary, and even good for society. Here are suggestions for finding that balance.
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The April jobs report shows a labor market on the mend. Employers added 288,000 jobs, and the unemployment rate fell to 6.3 percent, partly because of a decline in the size of the labor force.
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The economy slowed sharply in the first quarter, but Federal Reserve policymakers voted unanimously to continue winding down their stimulus program.
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The U.S. economy added 192,000 jobs in March, according to data released this morning. The unemployment rate refused to budge, though, holding steady at 6.7 percent.
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Employer-provided health care can deter people from leaving their jobs to start their own businesses. Analysts say Obamacare could alleviate so-called entrepreneur lock.
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The February jobs report was better than expected, as employers added 175,000 jobs. The unemployment rate ticked up to 6.7 percent, though, as people who'd given up on finding work were drawn back.
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The Federal Reserve has released transcripts from more than a dozen meetings that took place in 2008, as Fed officials and other regulators struggled to get on top of an unfolding crisis.