Scott HorsleyScott Horsley is NPR's Chief Economics Correspondent.
Federal Reserve Chairman Jerome Powell testifies during a House Financial Services Committee hearing in Washington, D.C., on Sept. 30. Powell's term expires early next year and President Biden must decide whether to reappoint him.
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The price of glass jars to hold pasta sauce and other products has soared during the pandemic. Sauce-maker Paul Guglielmo in Rochester, N.Y., has absorbed some of the increase, but he has also raised prices for consumers.
Displayed is a file photo of a Nobel Prize medal on Dec. 8, 2020. The Nobel Prize in economic sciences was awarded to three U.S-based professors for their pioneering work with "natural experiments."
The unemployment rate dipped to 4.8% in September, from 5.2% in August, although some of that decline resulted from people dropping out of the workforce.
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