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WASHINGTON Ecco Track 6 Shoes Ireland , 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 Ecco Jeremy Shoes Ireland , 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 Ecco Gtx Shoes Ireland , 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 Ecco Toe Tie Shoes Ireland ," 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 www.eccoshoesirelandsale.com , 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."
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TEHRAN, March 11 (Xinhua) -- Iran's national beach soccer team won the title of the 2017 Asian Football Confederation (AFC) Beach Soccer Championship in Malaysia by beating the United Arab Emirates (UAE) in the finals.
Iran beat UAE 7-2 in Kuala Terengganu of Malaysia, local reports said.
Earlier in the day, Japan defeated Lebanon 6-3 to finish in third place. Enditem
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XINING, July 2 (Xinhua) -- More than 73 million people have travelled on the Qinghai-Tibet railway cheap Ecco shoes ireland , the world's highest plateau rail track, since the route opened in July 2006, its operator said on Tuesday.
The railway, spanning 1,956 km from Xining in the northwestern province of Qinghai Ecco shoes ireland online , to Lhasa, regional capital of Tibet, has carried 73.79 million passengers, said Jiang Zehai, deputy general manager of the Qinghai-Tibet Railway Company.
"Over the past eight years Ecco shoes ireland sale , passengers on the rail link have increased on average 15.5 percent annually," he said, adding that more than 1 million passengers left Lhasa railway station in 2013, setting a new record.
Meanwhile, latest statistics showed that the route has also transported 355.9 million tonnes of cargo.
The railway has helped boost the local tourism industry. According to the regional tourism bureau Ecco shoes ireland , the autonomous region attracted 12.9 million tourists from home and abroad in 2013, while the figure was only 1.8 million in 2005, a year before the rail link opened.
Tourism revenues grew to 16.5 billion yuan (about 2.7 billion U.S. dollars) in 2013 from 1.94 billion yuan in 2005.
"The Qinghai-Tibet railway has gathered experience for the future construction of China's plateau railway, such as technologies in running on frozen land, operating the train in an extremely cold environment ECCO Illinois Monk Strap Black Ireland , and protecting the surrounding environment," Jiang said.
WEIHAI, China, July 3 (Xinhua) -- South Korea's Jang Ha-na fired a five-under 67 on Saturday to take the second-round lead at the Kumho Tire Ladies Open in Shandong province, one stroke clear of playing partners Feng Shanshan (6 of China and fellow South Korean Bae Seon-woo (65).
Jang, the world No. 10 who has won twice on the US LPGA Tour this year, was at 12-under 132 in the 500,000,000 won (US$435,000) event at Weihai Point, a co-sponsored tournament between the China LPGA Tour and Ladies PGA Tour of Korea (KLPGA).
South Korean Lee Min-young (70) was in fourth at three strokes back, while compatriot Lee Jeong-eun (71) was fifth at five shots off the pace.
Playing under sunny condition with a light wind in her afternoon round, Jang, the overnight co-leader, came out firing with four birdies in the first six holes to get to 11-under.
After faltering to a double-bogey six at the 385-yard seventh hole. She then returned to form with three birdies on the back nine, including No. 11 where she sank a 35-foot putt. At the next she had a tap-in for birdie, while at the last she went from bunker to bunker before recovering to drain a four footer to save par.
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