Scott Horsley

The stock market took a dive on Tuesday, as investors fretted about the new coronavirus variant and the prospect of more long-lasting inflation.

Stocks fell on Tuesday as investors weighed the potential economic fallout from the new coronavirus variant. Federal Reserve Chair Jerome Powell said the central bank could end its bond-buying early.

President Biden highlighted the strength of the U.S. economy Tuesday afternoon, while also addressing rising prices. The administration is trying to lower gasoline prices, a major driver of inflation.

President Biden plans to stick with Jerome Powell as chairman of the Federal Reserve. The Fed is wrestling with an uneven recovery and the highest inflation in more than three decades.

President Biden plans to re-nominate Jerome Powell to lead the Federal Reserve for four more years. Powell has steered the central bank through the pandemic recession. Now he must take on inflation.

President Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve. Fed governor Lael Brainard will serve as vice chairman.

President Biden has tapped Jerome Powell to serve a second term as chairman of the Federal Reserve as the economy faces huge challenges, including surging inflation.

Inflation is the highest it's been in more than 30 years, imposing a financial burden on households and putting President Biden under pressure.

Retailers are racing to get merchandise onto store shelves in time for the busy holiday shopping season. But with ports and warehouses overflowing, many orders are tied up in traffic.

NPR's Ailsa Chang talks with White House economic adviser Brian Deese as inflation soars to its highest in 30 years.

Consumer prices were 6.2% higher in October than a year ago as inflation continues to chip away at the buying power of households across the country.

With the holiday shopping season fast approaching, many businesses are still waiting for critical cargo that's stuck in traffic at ports. The race is on to unload containers to reach store shelves.

The Labor Department reports that U.S. employers added 531,000 jobs in October. The unemployment rate fell to 4.6%.

U.S. employers added 531,000 new jobs as the unemployment rate fell to 4.6%. Millions of would-be workers are still on the sidelines, though, leaving the pace of the recovery in doubt.

Treasury Secretary Janet Yellen says she expects inflation pressures to ease in the latter half of next year. Yellen spoke to NPR from Scotland, where she's attending climate meetings.

The Fed left interest rates near zero on Wednesday but announced plans to start removing some of the support it has provided to the economy as inflation hits its highest point in 30 years.

The U.S. economy slowed sharply in the third quarter as the delta variant and persistent supply chain woes weighed on growth. The months ahead should be better.

The U.S. economy slowed sharply in late summer and early fall, as the Delta variant and persistent supply chain problems weighed on growth. Prospects for the coming months may be brighter.

The Biden administration hopes to help fund its agenda by cracking down on tax evasion, but its plan to require more bank information is drawing strong opposition from GOP lawmakers and banks.

The Biden administration hopes to help fund its agenda by cracking down on tax evasion, spotting cheats using account information from banks. It's drawing opposition from GOP lawmakers and banks.