ECONOMY

Economy

What the crypto collapse means for El Salvador's economy

4:59pm June 19, 2022

In 2021, El Salvador became the first country to adopt Bitcoin as currency. NPR's Adrian Florido asks business professor Julio Sevilla how the latest crypto crash has impacted the country.

Economy

Is this a recession? The state of the U.S. economy

5:09pm June 18, 2022

NPR's Adrian Florido speaks with economist Teresa Ghilarducci about the state of the U.S. economy — record inflation, rising interest rates and how to prepare for a recession.

Economy

Two economists tell us what we know about rising inflation and the economy right now

8:39am June 18, 2022

by Danielle Kurtzleben

Two economists, Tara Sinclair and Justin Wolfers, speak with NPR's Danielle Kurtzleben about what's causing inflation and how likely is it that a recession is coming.

Elizabeth Shuler, president of the AFL-CIO, introduces President Biden before he addresses the labor federation's convention on Tuesday in Philadelphia. On Sunday Shuler was elected to a four-year term as AFL-CIO president.

Organizing and adding members are top goals for the newly elected AFL-CIO president

10:24am June 17, 2022

by Don Gonyea

Elizabeth Shuler, the first woman ever elected president of the labor federation, is pledging a massive organizing drive over the next decade, with a goal of adding 1 million new union members.

Economy

High gas prices are hitting emergency service providers hard

7:56am June 17, 2022

First responders across the country say they are adopting cost-cutting measures as pump prices eat into their budgets.

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Economy

The end of pandemic relief measures upends progress in reducing child poverty

5:20am June 17, 2022

The expanded child tax credit expired last year. Some economists say that's eroding progress made in reducing child poverty during the pandemic — leaving families vulnerable during high inflation.

A Bitcoin ATM is seen at a subway station in Brooklyn Heights in New York City on June 13. Bitcoin and other cryptocurrencies have plunged in value in recent days.

Economy

Why cryptocurrencies have gone from the next hot thing to a full-on meltdown

5:00am June 17, 2022

by David Gura

Bitcoin and other cryptocurrencies are plunging. Here's what to know about a market that just a few months ago was being touted as the future of finance.

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With inflation still sky-high, the Federal Reserve announced Wednesday it would raise interest rates by 0.75%, the largest increase since the 1990s.

Economy

Who are the winners and losers of the Fed hiking interest rates?

10:59am June 16, 2022

by Becky Sullivan

The Federal Reserve announced Wednesday it will increase its benchmark interest rate by 0.75%, the largest increase in decades. But what does that actually mean for everyday Americans?

Economy

The time was right for an aggressive rate hike, former Fed economist says

7:22am June 16, 2022

NPR's Rachel Martin speaks with Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, about the largest Fed interest rate hike in 28 years.

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News brief: Jan. 6 panel hearing, Fighting in eastern Ukraine, Fed rate hike

6:17am June 16, 2022

The House Jan. 6 committee holds its third public hearing. Ukraine struggles to hold off Russian advances in the eastern Donbas region. The Federal Reserve announced a big jump in interest rates.

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