Alice N. Sanders
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Alice N. Sanders in US Markets,

Loud chorus of voices tell Fed: 'Don't do it'

America's central bank faces a lot of peer pressure right now.

When the Federal Reserve meets on September 16 and 17, it will make one of its biggest decisions since the financial crisis: Is it time to raise interest rates?

Normally Wall Street and a few gray-haired economists are the only ones paying attention to the Fed's actions. Not this time.

Rates have been at historic lows near 0% since late 2008. The Fed slashed interest rates in an attempt to jumpstart the sagging economy. The question now is whether the U.S. economy is healthy enough for the Fed to take the training wheels off.