WASHINGTON vans old skool white australia , 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 vans old skool black leather , 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 vans old skool black australia , 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 www.oldskoolshoesaustralia.com ," 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 old skool shoes australia , 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."
TOKYO, Sept. 14 (Xinhua) -- Islands in Japan's southernmost prefecture of Okinawa have been hit with strong gusts of wind and torrential rain as a result of Typhoon Talim vans old skool australia , Japan's Meteorological Agency (JMA) said Thursday.
The typhoon has left around 20,000 houses, or 80 percent of households in Miyakojima City, without electricity as of 5:00 a.m. local time on Thursday morning, local media reported.
According to the weather agency Adidas Originals Stan Smith White Sale , the typhoon was located 180 km north-northwest of Miyako Island in the prefecture and was moving in a north-northwesterly direction at a speed of 15 km an hour as of 6:00 a.m. on Thursday morning.
More than 500 millimeters of rain was logged in Miyakojima city on Miyako Island in the past 24 hours, the JMA said, which is double the usual amount for the time of year.
The agency said it has been the heaviest rainfall the city has suffered in half a century.
The JMA has also urged residents in the affected regions to be highly cautious of strong gusts, potential mudslides and high waves caused by Typhoon Talim.
Residents in the hardest-hit areas have also being warned to stay indoors and not leave their homes.
The JMA has issued advisories of high tides, lightning Adidas Originals Superstar Slip On Trainer Black Restock , and gusts, which could include tornadoes.
Typhoon Talim is expected to take an easterly trajectory and may make landfall on the mainland in both western and eastern Japan from Saturday through the three-day weekend, the JMA said.
Kyushu, the southwestern-most of Japan's main islands, is expected to be among the first regions in the typhoon's path on the mainland and advisories to residents there have been given Outlet Women's Adidas Originals Superstar 80s Core Black , local media has reported.
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