Several signs say the state of the American economy is strong. The Federal Reserve made news when it raised interest rates for only the second time in 10 years. Unemployment is at 4.9 percent, its lowest since 2008, the stock market is up and the real estate market seems to be rebounding.
What does all this mean for you in the coming year? And what changes can we expect under a Trump administration?
Joining us to take stock of the economic outlook for 2017 are Ed Stuart, professor emeritus of economics at Northeastern Illinois University; and Michael Miller, associate professor of economics at DePaul University.
Nov. 28: The unprecedented victory of President-elect Donald Trump has left many people wondering how his administration might affect the U.S. economy.
Nov. 9: The outcome of the presidential election sparks a volatile reaction in markets in the U.S. and abroad. What will Trump’s economic impact be nationally and around the globe?
Sept. 21: Federal Reserve chief Janet Yellen rejects the notion that the Fed plays politics when deciding interest rate policy.