Cheddar News’ Closing Bell breaks down today’s business headlines including Treasury Secretary Janet Yellen’s contention that the U.S. economy is on solid footing despite persistent recession fears. “This is not an economy that’s in recession,” Yellen declared. “But we’re in a period of transition in which growth is slowing, and that’s necessary and appropriate.” She noted that consumer spending is growing and the unemployment rate is near a half-century low. Her comments come ahead of the Federal Reserve’s decision on interest rates this week. Meanwhile, gasoline prices continue to fall while wheat prices are rising after Russia’s weekend attack on a Ukrainian port.