Gross Domestic Product

Questions and answers ripped from the headlines

The news cycle has prompted many of you to write in ask a number of questions about terms that you read and hear about. These answers are intended to help you understand what you need to know about various policy initiatives that could be coming.

Q: When Federal Reserve Chair Janet Yellen says "the economy is doing well," what exactly does that mean?

A: After the most recent Fed policy meeting, where the central bankers announced the third quarter-point rate hike in 15 months, Yellen held a press conference in which she commented about the economy. In between a lot of technical jargon, Yellen was asked what consumers should take away from the Fed's rate increase...