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|Aerial photo taken on Sept. 14 Cheap Men's Nike Air Vapormax 2018 Black Blue , 2017 shows a herd of cattle and sheep moving forward along a road during the annual migration period in Guinan County, northwest China's Qinghai Province. (XinhuaWu Gang)?
Bird's-eye view of Zibo City in east China
Fire drill held in S China's Guangxi
China, Pakistan air forces hold joint training exercises
Pic story: Chinese grape and wine expert
Farmers busy with farm work around Bailu across China
Rural children take free lunch in SW China's Guizhou
In pics: China's future Mars simulation base in Qinghai
Actors perform during acrobatics show in central China's Puyang
WASHINGTON, 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 Cheap Women's Nike Air Vapormax 2018 Grey Pink , 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 Cheap Men's Nike Air Max 2018.5 Black White , 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 Cheap Men's Nike Air Max 2018 Elite Blue White , 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," Yellen indicated steady pullback in Fed stimulus, referring to the Federal Open Market Committee cheap nike air max 90 ez , 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, at a similar pace at each Fed meeting and end it by the end of 2014 cheap nike air max 120 , 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."
LUSAKA, July 18 (Xinhua) -- Morocco intends to open an embassy in Zambia in September in order to enhance relations between the two countries, a visiting official said on Tuesday.
Morocco's Minister of State for Foreign Affairs Mounia Boucetta said the embassy will in the interim be headed by a charge d'affaires,
The visiting minister said when he paid a courtesy call on her Zambian counterpart Harry Kalaba that there was need for the two countries to have an action plan for the successful implementation of 19 bilateral agreements signed between the two countries when Moroccan King Muhammed VI visited Zambia in February this year.
The visit cheap nike air max dlx 2019 , she said, ushered in a new era in the relationship between the two countries, adding that the 19 agreements will boost ties.
According to her, the two countries share a common vision and desire to establish peace, stability and respect for the sovereignty of each country in Africa.
On his part cheap nike air max tn plus , the Zambian minister said the establishment of the embassy will enhance the country's continental integration.
The Moroccan minister is here for the review of the 19 agreements in order for the two countries to come up with specific activities to ensure the objectives of the agreements were achieved.
On Monday, she held a meeting with agriculture minister Dora Siliya where they discussed specific areas of cooperation in the agriculture sector.
Outdoor work continues despite sweltering weather across many parts of China
On-demand food delivery service launched for highspeed trains in China
China's zoos take measures to cool down animals in hot weather
Opera "Red Detachment of Women" staged in S. China
In pics: China's CH-5 drone completes trial flight
In pics: ethnic embroidery show in SW China's Yunnan
Chinese aircraft carrier formation conducts coordination training
Monkeys enjoy cool mist, watermelon at Quanzhou Wildlife Zoo in Fujian
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