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WASHINGTON Nike Air Max 90 Ultra Flyknit , Feb. 11 (Xinhua) -- In her first testimony to the Congress, U.S. Federal Reserve Chair Janet Yellen reiterated central bank's plan to taper its stimulus exit despite recent weakness in the economy.
The current economic situation and outlook, as well as the monetary policy, were the main focus of the hearing held twice a year.
Yellen told lawmakers she expected "a great deal of continuity" in the central bank's monetary policy, saying that she served on the Fed policy-setting committee as the bank formulated its current policy strategy and she strongly supported that strategy.
Yellen Nike Air Max 90 Ultra Moire , 67, took the oath of office to lead the Federal Reserve System on Feb. 3, succeeding Ben Bernanke, who stepped down after eight turbulent years. She was previously the Fed's vice Chair.
In the public debut in her new role, Yellen said while the economy gained steam at the end of 2013 Nike Air Max 90 Ultra SE , recovery in the U.S. labor market was "far from complete," underscoring the importance of considering more than just the unemployment rate when evaluating the conditions of the labor market.
Her point of keeping an eye on wider range of labor indicators is particularly important as the unemployment rate, now at 6.6 percent, is near the 6.5 percent threshold the Fed once identified as the level that would need to be reached before officials would consider a hike in the interest rates.
"If coming information broadly supports the Committee's expectation of ongoing improvement in labor market conditions and inflation moving back toward its long-run objective, the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings Nike Air Max 90 Ultra 2.0 ," Yellen indicated steady pullback in Fed stimulus, referring to the Federal Open Market Committee, which sets monetary policy.
While admitting she was "surprised" by the two recent jobs reports that showed the pace of job creation running under what she had expected, Yellen cautioned against jumping to conclusions of the longer trend. She told the Congress that the Fed needs to see a "notable change" in the economic outlook to consider pausing its withdrawal of stimulus.
The Fed trimmed its monthly purchases of Treasury and mortgage- backed securities by a total of 10 billion dollars in both December and January, citing strengthening economy and continued improvement in the labor market.
The Fed policymakers have suggested they would continue to reduce the bond buying Nike Air Max 90 Shoes , which now totals 65 billion dollars a month, at a similar pace at each Fed meeting and end it by the end of 2014, provided the economy develops generally in line with expectations.
Yellen also highlighted the Fed's financial regulatory role, saying that the work of making the financial system more robust " has not yet been completed."
PARIS, June 3 (Xinhua) -- The 2017 French Open was interruptedfor the first time due to rain on Saturday Nike Air Max 90 SE , affecting a total of 10matches on different courts.
The rain's volume began to increase around 5 p.m. local time.Two French players, the 15th-seeded Gael Monfils and the No. 24seed Richard Gasquet, were putting up their contest on thePhilippe-Chatrier Court, where Monfils led 6-5 in the first setafter 49 minutes.
After the referee announced the match suspension, fans lefttheir seats to hide from the rain. The court was covered with a hugtarp.
The suspended matches have yet to resume so far. Enditem
BEIJING Nike Air Max 90 Flyknit , Jan. 28 (Xinhua) -- Forty-three new small and medium-sized enterprises debuted on China's National Equities Exchange and Quotation (NEEQ), also known as the "new third board," last week.
The newcomers brought the total number of companies on the board to 11,603, according to the NEEQ data.
Weekly turnover on the board stood at nearly 2.3 billion yuan (about 363 million U.S. dollars) Nike Air Max 90 Ultra , up from 2.18 billion yuan in the previous week.
NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges in serving small and medium-sized enterprises. It is seen as an easy financing channel for small businesses, with low costs and simple listing procedures.
BEIJING, Jan. 26 (Xinhua) -- China calls for stronger international cooperation on infrastructure construction and operation of the Arctic shipping routes, according to a white paper issued Friday.
As a result of global warming, the Arctic shipping routes are likely to become important transport routes for international trade.
China respects the legislative Nike Air Max 90 , enforcement and adjudicatory powers of the Arctic States in the waters subject to their jurisdiction, said the the document titled "China's Arctic Policy," issued by the State Council Information Office.
The white paper stressed China's position that the management of the Arctic shipping routes should be conducted in accordance with treaties including the UNCLOS and general international law.
The freedom of navigation enjoyed by all countries in accordance with the law and their rights to use the Arctic shipping routes should be ensured, it said.
China maintains that disputes over the Arctic shipping routes should be properly settled in accordance with international law, said the white paper.
It also explained China's plan on building a "Polar Silk Road" through developing the Arctic shipping routes with all parties.
China encourages its enterprises to participate in the infrastructure construction for these routes and conduct commercial trial voyages in accordance with the law to pave the way for their commercial and regularized operation Air Max 90 Ultra Flyknit , said the document.
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