Yellen also highlighted the Fed's financial regulatory

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WASHINGTON nike air max 2017 sale online , 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 nike air max 90 sale online , 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, 67 nike air max sale online , 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 air max 2017 sale online , Yellen said while the economy gained steam at the end of 2013, 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 air max 90 sale online , 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 air max sale online ," 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 nike air max 2017 sale clearance , 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, which now totals 65 billion dollars a month nike air max 90 sale clearance , 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."




MADRID, April 22 (Xinhua) -- The race for the Spanish BBVA Primera Liga title continues with no time for rest in the 35th round of games this weekend.


The midweek games in the 34th round finished on Thursday, but with Atletico and Real Madrid in Champions League action next week, there is hardly time to draw breath before continuing their title challenge.


Second placed Atletico will briefly go top of the table on Saturday if they win at home to a Malaga side which is in a comfortable mid-table position with no chance of either qualifying for Europe nor of being relegated.


Atletico coach Diego Simeone recovered Gabi Fernandez who was suspended for Wednesday's hard-fought win in Bilbao, but loses central defender Diego Godin with a hamstring injury, which he suffered in the same game.


Gareth Bale should be fit, but there is a doubt over Cristiano Ronaldo as Real Madrid travel to the south of the Spanish capital to take on Rayo Vallecano on Saturday afternoon.


Ronaldo left the pitch at the end of his side's win over Villarreal on Wednesday with a hamstring problem and despite his desire to play every minute of every game, Zinedine Zidane warned after that game that the striker needs to rest.


League leaders Barcelona could well be in third place when they kick off against Sporting Gijon, but have regained confidence following their 8-0 win away to Deportivo la Coruna during the week.


With Barca out of Europe and Gerard Pique back after suspension, Luis Enrique will field his strongest side against a spirited but limited Sporting, who slipped back into the bottom three on Thursday despite a heroic 2-1 win at home to Sevilla.


Luis Suarez scored four goals and set up three against Deportivo and made it clear "it has not entered our head we could lose the league title".


The weekend's other games see Eibar, who were rocked on Thursday by the news that President Alex Aranzabal is leaving the club at the end of the season, at home to Deportivo.


Levante have to pick themselves up from a 5-1 thrashing in Granada and defeat fifth placed Athletic Club Bilbao to have any chance of avoiding relegation, while the Seville derby between Sevilla and Betis promises fireworks, especially after Sevilla defender Adil Rami posted a 'tweet' mocking Sevilla's rivals on Thursday.


Getafe ended a 12 game run without a win on Thursday, but need to defeat a resurgent Valencia in order to escape the drop zone, while Villarreal will move a step closer to assuring a place in the Champions League if they can defeat Real Sociedad, before Celta and Granada end the round of games on Monday.


NEW YORK nike air max sale clearance , July 7 (Xinhua) -- Chinese regulators' response to the country's stock market following a three-week losing streak has been encouraging and in line with what is needed to stabilize the market, U.S. experts have said.


"The policymakers' moves over the past weekend are very tuned with the market. They realize the market needs to be stabilized at this juncture," Brendan Ahern air max 2017 sale clearance , chief investment officer of U.S. fund company KraneShares, tol. Cheap Sweden Jerseys Cheap North America Jerseys Cheap Arizona Coyotes Jerseys Cheap Montreal Canadiens Jerseys Wholesale Bruins Jerseys Wholesale Blue Jackets Jerseys Wholesale Blackhawks Jerseys Wholesale Colorado Avalanche Jerseys Wholesale Florida Panthers Jerseys Wholesale Finland Hockey Jerseys
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