. >>> stocks falling after janet yellun announced interest rates rise.nomic growth increased only 1.1 percent this year. and that is not indicating job growth. peter barns is in wyoming where an important meeting is taking place. by far, the prettiest background we have seen all day. >> reporter: this is where janet yellun gave her speech this morning. to that gdp report they are dismissing it. they say it was an aberration because companies decided to stop investing money in inventories. and elsewhere in the report, you can see consumer spending was fairly strong and the officials are also looking at job creation. the last two months the economy created more than 500000 new jobs and inflation has been rising slightly which they liked to see as the measure of the health of the economy. and we heard janet yellun saying in light of the solid performance of the labor market and economic activity, i believe a short term interest rate has strengthen. but she ducked the question of the timing of that. the fed has the next policy meeting in september and one ju