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John Ydstie

John Ydstie has covered the economy, Wall Street and the federal budget for NPR for two decades. In recent years NPR has broadened his responsibilities, making use of his reporting and interviewing skills to cover major stories like the aftermath of 9/11, Hurricane Katrina and the Jack Abramoff lobbying scandal. His current focus is reporting on the global financial crisis. Ydstie is also a regular guest host on the NPR news programs Morning Edition, All Things Considered, Weekend Edition and Talk of the Nation.

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 traveled to Saudi Arabia for NPR as a member of the Pentagon press pool sent to cover the Iraqi invasion of Kuwait. During the early stages of the crisis, Ydstie was the only American radio reporter in the country.

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 for its coverage of 9/11. Ydstie's reporting from Saudi Arabia helped NPR win the Alfred I. duPont-Columbia University Award in 1991 for coverage of the Gulf War. Prior to joining NPR, Ydstie was a reporter and producer at Minnesota Public Radio. While there, he was awarded the Clarion Award for his report "Vietnam Experience and America Today."

A graduate of Concordia College, in Moorhead, MN, Ydstie 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.

Federal Reserve officials left interest rates unchanged as they ended their policy-making meeting in Washington, D.C., today.

The Fed raised its benchmark rate by a quarter of a percentage point back in March, to a range of 0.75 percent to 1 percent, where it remains. In their post-meeting statement today, the central bank policymakers provided little guidance on when their next rate hike might come.

President Trump has said over and over that creating jobs is at the top of his agenda. It may seem unfair to judge his progress on this goal in his first 100 days, but Trump has opened the door to scrutiny by making his own assertions on job creation.

Trump To Talk Tax Plan

Apr 26, 2017

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If you filed for an extension on your taxes this week, you're right in step with the Trump administration and Republicans in Congress. They've put off voting on their promised tax overhaul until after they take another whack at repealing and replacing Obamacare.

That's got some Republicans concerned, including Stephen Moore, who was an economic adviser to the Trump campaign.

"You know, you've got a period when you're first elected where you've got to rush and get things done before that window slams shut," Moore says.

President Trump's economic policy pronouncements have taken some twists and turns this week.

From Chinese currency manipulation to his choice to head the Federal Reserve, Trump contradicted statements he'd made during the presidential campaign.

In doing so, Trump is departing from some of the radical changes he promised, and moving toward the positions of his predecessors.

Until now China was a frequent target. Over and over during the presidential campaign, Trump pilloried China, accusing it of manipulating its currency.

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The Trump administration is gearing up for a rework of the NAFTA treaty between the U.S., Mexico and Canada. Commerce Secretary Wilbur Ross said Thursday the administration hopes to soon start the 90-day countdown clock to opening talks. A letter circulating on Capitol Hill suggests the administration may take a less extreme approach to negotiations than expected.

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Disagreements over immigration policy could flare when German Chancellor Angela Merkel visits the White House later this week. In just the past two years, more than 1 million refugees — many of them Syrians — have inundated Germany as Merkel opened Germany's borders.

President Trump called that policy "catastrophic." In fact, integrating refugees into German society has become a challenge for Merkel as she seeks re-election.

President Trump goes to Congress Tuesday night and is expected to lay out his legislative agenda. Sweeping tax cuts, for businesses and individuals, will be at or near the top of the list for both the White House and the Republican-controlled Congress.

Trump isn't expected to offer a detailed tax proposal during his speech. But he and the Republican Congress appear to agree on some important elements of a plan.

On Thursday, President Trump told airline executives visiting the White House that tax relief for corporate America is on the way.

"We're going to be announcing something, I would say over the next two or three weeks," said Trump, adding that it would be "phenomenal."

But there's at least one big issue that stands in the way. It's called the border adjustment tax. House Republican leaders want it, but the president and some other Republicans are skeptical.

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President Trump met with executives of the Big Three U.S. automakers, the latest in a parade of business leaders to visit the White House in the first few of days of the Trump administration.

The president told the executives of General Motors, Ford and Fiat Chrysler on Tuesday that he was going to make it easier for them to invest in the country.

"We're bringing manufacturing back to the United States, big league," Trump said. "We're reducing taxes very substantially and we're reducing unnecessary regulations."

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President-elect Donald Trump says he will double the nation's growth rate during his time in office. That promise will be difficult to keep.

Trump isn't talking about a temporary boost in growth. He says he can make the economy grow in the long term at a rate of about 4 percent a year.

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Federal Reserve policymakers hiked their benchmark interest rate today for only the second time since the Great Recession. But officials signaled there would be more rate hikes in the coming year. NPR's John Ydstie reports.

Donald Trump won the presidential election after a campaign filled with populist and anti-Wall Street rhetoric. In the past couple of days, the president-elect has chosen his top economic policy team.

NPR's John Ydstie talks with All Things Considered host Audie Cornish about whether Trump's choices match up with his rhetoric.

President-elect Donald Trump has picked his campaign finance chairman, Steve Mnuchin, to be his Treasury secretary. The Wall Street banker spent 17 years at Goldman Sachs, where he was a partner, and is now chief executive of Dune Capital Management, a privately owned hedge fund.

Mnuchin confirmed his selection Wednesday during a joint CNBC interview with billionaire investor Wilbur Ross Jr., who has been tapped for commerce secretary.

After campaigning with lots of populist and anti-Wall Street rhetoric, Donald Trump is seriously considering a veteran Wall Street financier, Steve Mnuchin, to be his Treasury secretary.

Mnuchin spent 17 years at Goldman Sachs, ultimately as a partner at the investment bank. More recently, he's headed a privately owned hedge fund, Dune Capital Management. Last April he became Trump's chief fundraiser, and he's now a member of the president-elect's transition team.

During the presidential campaign, Donald Trump promised the biggest tax cut since Ronald Reagan's conservative revolution swept into Washington in the 1980s.

A big part of that tax cut would go to corporations. The president-elect says that will fuel investment and growth. Skeptics say the plan would explode the federal budget deficit.

Top business tax rate slashed

Donald Trump has proposed a very detailed tax plan — but his statements on the campaign trail don't always match what his proposal would really do.

For instance, at a rally in Scranton, Pa., Trump promised to "massively cut taxes for the middle class, the forgotten people, the forgotten men and women of this country, who built our country." During a town hall meeting on NBC's Today show, he said he believes in raising taxes on the wealthy.

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The government has released its last jobs report before Election Day. It shows the U.S. economy improved in October. As NPR's John Ydstie reports, it was strong wage growth that grabbed the spotlight.

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And now here's one of the final bits of economic news we may get before the Presidential Election Day. The economy continued adding jobs at a solid pace in October. That's according to government numbers released this morning. NPR's John Ydstie has more.

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