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.

Pages

Economy
4:50 pm
Fri January 31, 2014

After Overcoming Early Obstacles, Yellen Assumes Fed's Top Job

Janet Yellen smiles as President Obama announces her nomination for Federal Reserve chairwoman on Oct. 9.
Jewel Samad AFP/Getty Images

Originally published on Fri January 31, 2014 6:51 pm

Ben Bernanke hands over the reins at the Federal Reserve to Janet Yellen on Friday. The Fed's vice chairwoman will be the first female ever to lead the nation's central bank. It's a position many view as the second most powerful in the country.

The world of central banking is largely a man's world. But Yellen has been undeterred by such barriers since she was in high school in Brooklyn. Charlie Saydah, a former classmate, says she was probably the smartest kid in the class. Yellen was "clearly smart, and she was smart among a lot of smart kids," he says.

Read more
Economy
4:30 pm
Wed January 29, 2014

A Fond Farewell To Fed Chairman Ben

Originally published on Thu January 30, 2014 10:00 am

Transcript

AUDIE CORNISH, HOST:

Ben Bernanke steps down this week as chairman of the Federal Reserve. The new chair, Janet Yellen, will take over on Saturday. After a two-day meeting, the message today from Fed policymakers was simple: Stay the course. The Fed released a statement saying it will continue dialing-back its stimulus.

NPR's John Ydstie has more on that decision and Bernanke's legacy.

Read more
Economy
2:31 am
Mon January 27, 2014

Bernanke's Fed Legacy: A Tenure Full Of Tough Decisions

Outgoing Federal Reserve Chairman Ben Bernanke spoke about the Federal Reserve's first and next century on Thursday at the Brookings Institution in Washington.
Manuel Balce Ceneta AP

Originally published on Mon January 27, 2014 6:25 am

Federal Reserve Chairman Ben Bernanke will preside over his last Fed policy-making meeting on Tuesday and Wednesday. On Saturday morning, the first woman ever to lead the nation's central bank, Janet Yellen, will take over.

There's no doubt that during his two terms as chairman, Bernanke faced a challenge unlike any Fed chairman since the Great Depression: a global financial crisis that threatened to become financial Armageddon and followed by a deep recession.

Bernanke talked about how he survived it all during an appearance at the Brookings Institution recently.

Read more
Business
4:23 am
Wed January 22, 2014

Global Economic Recovery To Keep Strengthening

Originally published on Wed January 22, 2014 7:12 am

The International Monetary Fund has updated its outlook for the world economy. The IMF boosted its forecast for global growth slightly. It also hiked its estimate for U.S. growth.

Economy
4:34 pm
Fri January 10, 2014

December Jobs Report Disappoints

Originally published on Fri January 10, 2014 6:19 pm

Transcript

AUDIE CORNISH, HOST:

It's ALL THINGS CONSIDERED from NPR News. I'm Audie Cornish.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel.

Is it a bad economy or just bad data? That's the question today after a new round of disappointing employment numbers. The government reported the economy added just 74,000 jobs in December, well below expectations. The other surprise, the unemployment rate still dropped.

NPR's John Ydstie spent the day talking with economists about the report, and many say they just don't believe it.

Read more
Business
4:01 am
Fri January 10, 2014

Alcoa To Pay $384 Million Penalty For Bahrain Bribes

Originally published on Fri January 10, 2014 11:45 am

Transcript

STEVE INSKEEP, HOST:

And let's keep talking about international trade here. The American aluminum giant Alcoa and one of its subsidiaries will pay $384 million in fines to the United States government for engaging in corrupt practices overseas.

The payment is part of a settlement in a bribery case involving the royal family of Bahrain.

NPR's John Ydstie reports.

Read more
Business
3:59 am
Tue January 7, 2014

In 2012, Health Care Costs Grow More Slowly Than U.S. Economy

Originally published on Wed January 8, 2014 5:56 am

Transcript

RENEE MONTAGNE, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm Renee Montagne.

DAVID GREENE, HOST:

I'm David Greene.

We have been hearing for, well, what feels like forever about skyrocketing health care costs. It's at the center of debates in Washington and state capitals. And many people feel the impact on their wallets and pocketbooks. But here's this reality: Spending on health care, while still going up, appears to be rising more slowly. 2012 was the fourth straight year of modest growth.

Read more
Energy
3:21 pm
Fri December 27, 2013

Will Renewables Suffer Because Of U.S. Oil And Gas Boom

Originally published on Fri December 27, 2013 6:15 pm

Transcript

ROBERT SIEGEL, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Robert Siegel.

And we begin this hour with a milestone of 2013, a remarkable feat with far-reaching implications both at home and abroad. According to the Energy Information Agency, the United States became the world's biggest producer of oil and natural gas. NPR's John Ydstie has more on the turnaround in America's energy fortunes.

Read more
Economy
3:34 am
Thu December 19, 2013

Fed To Dial Back Its Bond-Buying Stimulus Program

Originally published on Thu December 19, 2013 11:08 am

Transcript

STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning. I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene.

Read more
Economy
4:03 pm
Wed December 18, 2013

Federal Reserve To Cut Stimulus By $10 Billion A Month

Originally published on Wed December 18, 2013 5:34 pm

Transcript

MELISSA BLOCK, HOST:

From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.

AUDIE CORNISH, HOST:

And I'm Audie Cornish.

Read more
Number Of The Year
2:16 am
Tue December 17, 2013

Year In Numbers: The Federal Reserve's $85 Billion Question

On Tuesday, Federal Reserve policymakers begin a two-day meeting where many analysts expect they will announce a reduction in the central bank's $85 billion monthly stimulus.
Mark Wilson Getty Images

Originally published on Tue December 17, 2013 11:30 pm

Many economists and investors think there's a good chance that at the end of their two-day meeting that begins Tuesday, Federal Reserve policymakers will announce that they'll begin reducing their $85 billion monthly stimulus, their third round of quantitative easing, or QE3.

The analysts think recent economic data, like a drop in the unemployment rate to 7 percent and a budget deal in Washington, have brightened the outlook for the economy enough that the Fed can pull back.

Read more
Economy
4:02 pm
Mon December 16, 2013

As Bernanke Readies To Leave Fed, Investors Wonder About Stimulus

Originally published on Mon December 16, 2013 7:06 pm

This week the Fed's influential Open Market Committee meets to discuss some unfinished business. With Chairman Ben Bernanke getting ready to turn things over to Janet Yellen, Fed policymakers must decide whether it's time to start winding down the "quantitative easing" program put in place years ago to protect the recovery.

Health Care
5:56 am
Wed December 11, 2013

What's At Stake For States That Reject Medicaid Expansion

Originally published on Wed December 11, 2013 9:10 am

The Affordable Care Act has produced a surge in the number of people signing up for Medicaid. The ACA offers billions of federal dollars to states to expand Medicaid coverage for the poor. But only 25 states have accepted the federal government's offer, and those that haven't could face economic and budget losses.

Economy
4:18 pm
Fri December 6, 2013

Unemployment Drops To Five-Year Low

Originally published on Wed December 11, 2013 2:22 pm

Transcript

MELISSA BLOCK, HOST:

This is ALL THINGS CONSIDERED from NPR News. I'm Melissa Block.

ROBERT SIEGEL, HOST:

And I'm Robert Siegel. The unemployment rate hit a five-year low in November. That's according to the government's latest monthly jobs report. The other headline, the economy beat expectations adding more than 200,000 jobs. NPR's John Ydstie has more on what that says about the health of the economy and about whether the Federal Reserve might dial back its stimulus efforts.

Read more
Business
4:56 pm
Tue November 26, 2013

The Stock Market Loves The Fed For Now, But Can It Last?

The Dow Jones industrial average closed above 16,000 for the first time last week.
Spencer Platt Getty Images

Originally published on Tue November 26, 2013 5:32 pm

Major stock indexes have shot to record highs in the U.S. this year, gaining more than 20 percent, and yet economic growth remains at disappointing levels. A lot of analysts believe the stimulus efforts by the Federal Reserve are behind the stock boom and a possible bubble.

Read more

Pages