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.

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Economy
4:23 am
Thu February 6, 2014

Reining In Health Care Costs Key To Trimming Deficit

Originally published on Thu February 6, 2014 1:47 pm

The Congressional Budget Office earlier this week said this year's deficit is likely to be about one-third the size it was in 2009, when the Great Recession bottomed out. A recovering economy is the main reason for the deficit's improvement, but moderating health care costs have also contributed.

Harvard economist and health policy specialist David Cutler says getting the federal government's finances under control is all about health care.

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Health Care
6:08 pm
Tue February 4, 2014

Is Obamacare A Job Killer? New Estimates Suggest It Might Be

Originally published on Tue February 4, 2014 8:00 pm

A new front has opened in the political battle over the Affordable Care Act, with Tuesday's release of the Congressional Budget Office's annual budget and economic outlook. The economists updated an earlier estimate about how many workers would leave the workforce because they no longer needed a job to have health care coverage — revising upward from 800,000 people to over 2 million people. Republicans pounced on the higher number, and President Obama now finds himself playing defense.

Economy
5:46 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 7:51 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.

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Economy
5:30 pm
Wed January 29, 2014

A Fond Farewell To Fed Chairman Ben

Originally published on Thu January 30, 2014 11:00 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.

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Economy
3:31 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 7:25 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.

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Number Of The Year
3:16 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 Wed December 18, 2013 12:30 am

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.

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Health Care
6:56 am
Wed December 11, 2013

What's At Stake For States That Reject Medicaid Expansion

Originally published on Wed December 11, 2013 10:10 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.

Business
5:53 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 6:32 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.

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Shots - Health News
2:57 am
Thu November 7, 2013

How The Affordable Care Act Pays For Insurance Subsidies

iStockphoto.com

Originally published on Tue November 19, 2013 3:44 pm

The new health care law will provide around $1 trillion in subsidies to low- and middle-income Americans over the next decade to help them pay for health insurance.

Johanna Humbert of Galien, Mich., was pleasantly surprised to discover that she qualifies for an insurance subsidy, since her current plan is being canceled. Humbert makes about $30,000 a year, so she'll get a subsidy of about $300 a month. The new plan is similar to her current one, but it will cost $250 — about half of what she pays now.

But where will the money come from to pay for subsidies like these?

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Shots - Health News
6:00 pm
Wed October 30, 2013

Notices Canceling Health Insurance Leave Many On Edge

One person who got a letter canceling his health insurance was Rep. Cory Gardner, R-Colo. He holds up the letter during a congressional hearing Wednesday on insurance problems. He says his family chose to buy private insurance rather than use the congressional plan.
J. Scott Applewhite AP

President Obama repeated this line or a variation of it many times during the campaign to pass his landmark health care bill: "If you like your health care plan, you'll be able to keep your health care plan, period."

But while that might be true for people who get health insurance through their employer, it's not true for many people who buy their policies in the individual market — about 5 percent of the nation's policyholders.

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