WASHINGTON Mens Air Jordan 6 All Star Black Silver For Sale Online , 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 Air Jordan 6 Alternate White Red 384664-113 For Sale Online , 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, 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 Air Jordan Retro 3 Black Cement Grey For Sale Online , 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, 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 Air Jordan Retro 3 Black Cat Black For Sale Online , 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, 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."
LOS ANGELES Air Jordan 3 Retro True Blue White For Sale Online , Aug. 21 (Xinhua) -- Arizona Governor Doug Ducey will not show in U.S. President Donald Trump's campaign-style rally scheduled to be held Tuesday in Phoenix, capital of the Grand Canyon state, local media reported Monday.
The rally is Trump's first trip to Arizona after winning the White House and the first trip to the West under mounting criticism for his ambiguous attitude to the white supremacy violence which resulted in the death of one women in Charlottesville, Virginia on Aug. 12.
According to local news website AZ Central. Com, Daniel Scarpinato, spokesman of the Republican governor Air Jordan 11 Low Barons Black Silver 528895-010 For Sale Online , wrote a statement to the Republic Party of the state, saying that Ducey would skip the rally and work with law enforcement "toward a safe event in downtown Phoenix for all those involved and in the area."
The statement was not released on the Governor Office's website or his official social media pages. But ABC 15 news channel also said Docey would only meet the president when the latter arrives at Phoenix Airport on Tuesday afternoon.
Richard Herrera, an associate professor of political science at Arizona State University, was quoted by the AZ Central. Com as saying that the governor's move is trying to strike a balance between Republican voters who ardently support Trump and those who vehemently oppose him, in order to prepares for his 2018 reelection bid.
A handshake at the airport is the "least public way possible" for Ducey to show his respect while keeping his distance, Herrera said.
Even though Arizona is a stronghold of Republicans Air Jordan 11 Retro Floral Flower White Purple For Sale Online , it's also home to two of Trump's most vocal Republican critics -- Senator John McCain and Senator Jeff Flake. Flake was slammed by the president as "toxic" on his typical early morning Twitter last Thursday.
As thousands of Trump supporters and protesters are expected to flood downtown Phoenix, local residents have showed their worries to an uproar triggered by the president.
Phoenix Police Chief Jeri Williams has repeatedly promised that "maximum staffing" will be deployed at the event and noted Phoenix's partnerships with the FBI Joint Terrorism Task Force and the Arizona Counter Terrorism Information Center.
In an email to Xinhua on Monday by Team Trump-Pence, organizers gave a list of prohibited items that will not be allowed in the rally Tuesday, including "weapons of any kind, ammunition, explosives Air Jordan 11 Black Gold For Sale Online , firearms, selfie sticks, toy guns and any other items determined to be potential safety hazard."
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