John YdstieAfter covering the economy, Wall Street and federal budget issues for two decades, John Ydstie is now applying his reporting and interviewing skills as a roving national correspondent.
A shopper makes a purchase at the J.C. Penney store in North Riverside, Ill., Nov. 17. U.S. consumer spending grew in the fourth quarter at its fastest pace in three years.
Federal Reserve Board Chairman Jerome Powell testifies during a Senate banking committee hearing in Washington, D.C., on March 1. This week, Powell presided over a Fed policy meeting for the first time since becoming chairman.
Saul Loeb/AFP/Getty Images
Federal Reserve Chairman Jerome Powell testifies Tuesday before the House Financial Services Committee in Washington. "My personal outlook for the economy has strengthened since December," he said.