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|WASHINGTON Jordan 1 High OG Re2pect , 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, 67, took the oath of office to lead the Federal Reserve System on Feb. 3 Jordan 1 High OG Wheat , 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, 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 Jordan 1 Retro High OG , the Committee will likely reduce the pace of asset purchases in further measured steps at future meetings," 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, which now totals 65 billion dollars a month Jordan 1 High OG For Sale , 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."
HAVANA, May 30 (Xinhua) -- Cuba prepares for 2014 a three-day international tournament in honor of the World and Olympic champion Teofilo Stevenson, considered the best fighter in the history of amateur boxing, a sports official said here Thursday.
Alejandro Barrientos, vice president of the Cuban Federation of Sports Referees and Judges Jordan 1 High OG Shoes , said the plan is to invite squads from Russia, Ukraine and Kazakhstan to contest along with the hosting island.
He cleared out that the meeting has not a scheduled date yet, but the sports authorities want to hold it days before the traditional Giraldo Cordova Cardin tournament, so the visiting teams could participate in two local competitions.
The President of the National Sports Institute, (INDER) Christian Jimenez stated that inviting the best boxers in the world for the competition will pay a real tribute to Stevenson.
Cuba holds this week the first edition of the Stevenson tournament, but only attended by locals in his birth province of Las Tunas (east), mainly by boxers in the super heavy weight divisions.
Teofilo Stevenson Lawrence died on June 11 Jordan 1 High OG , 2012 of a heart attack, aged 60.
He achieved all the titles of the International Association of Amateur Boxing (AIBA), and won 301 of the 321 fights he held in his 20-year career, including Olympic gold medals in three Games - Munich 1972, Montreal 1976 and Moscow 1980, and world championship titles in 1974, 1978 and 1986.
Zhang Shuai hits a return to Dominika Cibulkova of Slovakia during their second-round match at the Brisbane International in Brisbane Cheap Air Jordan 1 Retro High OG Black Gold White , Australia, yesterday. The unseeded Chinese player lost to the second seed 6-2, 4-6, 4-6. — AFP
SERENA Williams lost her second-round match at the ASB Classic and the 22-time grand slam singles champion, frustrated by swirling winds, didn’t leave quietly.
“At least I can get out of these conditions,” No. 2-ranked Williams said after her 4-6 Air Jordan 1 Retro High OG White Black For Sale , 7-6 (3), 4-6 loss yesterday to fellow American Madison Brengle.
“I would say it’s my least favorite conditions I’ve ever played in. Again my opponent played in the exact same conditions. She was able to adjust better than me. I really abhorred these conditions,” Williams said after the match in Auckland, New Zealand.
It was Williams’ second match since a four-month layoff to rest various injuries after her semifinal loss at the US Open in September. She’s now off to Melbourne for the Australian Open, which begins on January 16, and an opportunity to go one better than Germany’s Steffi Graf, with whom she shares the Open-era record of 22 grand slam titles.
It was a bad day for the Williams family in Auckland Air Jordan 1 Retro High OG Laser White Grey Mens Discount Jordan Shoes , with Serena’s sister Venus withdrawing because of a right-arm injury from her second-round match.
Serena had showed signs of rustiness in her 6-3, 6-4 first-round win over Pauline Parmentier of France, and her power-hitting game was again affected by gusting wind on the open-air center court. She struggled with her ball toss in the windy conditions and made 88 unforced errors, including a double-fault on match point.
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