NANCHANG， Aug. 8， 2016 (Xinhua) -- A tourist enjoys an ice slide at an ice paradise in Nanchang， capital of east China's Jiangxi Province， Aug. 7， 2016. Many tourists came to the paradise to enjoy the cool in Nanchang recently. (XinhuaWan Xiang)
WASHINGTON Cheap Air Max 90 Sale , 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 Cheap Air Max Sale , 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 Cheap Nike Air Max 95 Clearance , 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 Cheap Nike Air Max 90 Clearance ," 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 Cheap Nike Air Max Clearance , 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."
PASAY CITY， April 18， 2016 (Xinhua) -- Ahmad Abughaush of Jordan (L) competes during the seniors quarterfinal match of the -68kg category against Abdulla Alahmed of Bahrain in the Asian Taekwondo Qualifying Tournament in Pasay City， the Philippines， April 17， 2016. Abughaush won 13-2. (XinhuaRouelle Umali)
Andy Murray of Great Britain in action against Gilles Simon of France in their third-round match at the Madrid Masters on Thursday. Photo: AFP
Defending champion Andy Murray sealed his place in the quarterfinals of the Madrid Masters on Thursday with a 6-4, 6-2 win over 16th seed Gilles Simon.
"After the first six or seven games I really started to hit the ball well Cheap Air Max 95 Clearance ," said Murray.
"I served well throughout the match. It was a good performance."
The two-time Grand Slam champion -extends his impressive record over Simon to 14-2, but wasn't pushed as hard as he -often has been in the past by the Frenchman as he didn't even face a break point in just over an hour and a half on court.
Murray pounced on a series of Simon -errors to seal the only break of the first set in the final game.
However, the Scot was far more dominant in the second as his power and variation from the back of the court allowed him to race into a 3-0 lead before breaking again to seal his place in the last eight.
"Normally against Gilles it's always a complicated match because of the way he plays," said Murray.
"He always makes it very difficult. There are a lot of long rallies, but because of the conditions Cheap Air Max 90 Clearance , it was a bit faster, I was able to get a lot more free points on my serve."
World No.6 Kei Nishikori continued his fine form on the clay in Spain to reach the last eight with a 6-4, 7-5 win over 10th seed Richard Gasquet, his first win over Gasquet in seven attempts.
Nishikori lost out to Nadal in the final of the Barcelona Open two weeks ago.
The Japanese survived a blip when he missed out on two match points on his own serve before being broken at 5-4 in the -second. However, he responded immediately to break the Gasquet serve for the fourth time in the match before serving it out at the second attempt.
In the women's Madrid Open Cheap Air Max Clearance , the only remaining seed, Simona Halep, was victorious in an all-Romanian quarterfinal against Irina-Camelia Begu 6-3, 0-6, 6-1.
Halep reached her first WTA Premier Mandatory final at the Madrid Open in 2014 Cheap Nike Air Max 95 Womens , but lost to Maria Sharapova in three sets.
American qualifier Louisa Chirico also continued her fairytale run to reach the semifinals.
Chirico, ranked 130 in the world, beat Australian Daria Gavrilova 7-6 (71), 6-2 to reach her first-ever WTA semifinal.
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