Yellen Says Economy Still Needs Stimulus

Federal Reserve Chairwoman Janet Yellen said "The recovery still feels like a recession to many Americans, and it also looks that way in some economics statistics."

In Chicago, she outlined the latest unemployment numbers and announced more stiumulus cuts.

USC Professor of Economics Nake Kamrany mostly agreed with Yellen's policies, but said it is too soon to pull back on stimulating the economy.

One of the groups feeling the job crunch are students. Graduation is just around the corner. Here at USC, students have mixed feelings about their job prospects. 

Nake Kamrany said most college students should not worry too much. Only four percent of graduates with Bachelor Degrees are unemployed.