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Janet Yellen (Courtesy of CNN)

Unemployment is down, the stock market is up and the Federal Reserve raises interest rates. Just how strong is the American economy? Two Chicago economists take stock of what’s in store for 2017. 

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The Eccles Building in Washington D.C. serves as the headquarters of the Federal Reserve. (AgnosticPreachersKid / Wikimedia Commons)

Federal Reserve chief Janet Yellen rejects the notion that the Fed plays politics when deciding interest rate policy.

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Stocks retreat from Monday's record high. Is a correction coming? And is it time to move some of your money out of stocks and into something safer?

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The Federal Reserve’s two-day September meeting begins on Wednesday. During that meeting, officials will decide whether or not to increase interest rates for the first time in years. We discuss the possibility of a quarter of a percentage interest rate hike with experts.  

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Federal Reserve Chair Janet Yellen said the Fed may start  raising rates around six months after quantitative easing—ahead of what experts were expecting. We take a closer look at how the markets react to her comments at her first live press conference, and how her first policy meeting may affect the economy. Read an article, watch Yellen’s full press conference, and read a transcript of her remarks.

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