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|WASHINGTON Air Force One Bleu Solde , 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 Force One Blanche Solde , 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 Force One Basse Homme Solde , 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 Force One Basse Femme Solde , 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."
BAKU Air Force One Basse Solde , May 30 (Xinhua) -- European qualifying games on track and field athletics for the 2014 Summer Youth Olympic Games in China started in Azerbaijan's capital Baku on Friday.
The tournament features 18 events and some 690 athletes from 38 countries.
The International Olympic Committee established Youth Olympic Games in July 2007.
The 2014 Summer Youth Olympic Games is an international sports, education and cultural festival for teenagers, due to be held from August 16-28 in Nanjing, capital of Chinese eastern Jiangsu provience.
By Jon Day
TOKYO, Oct. 26 (Xinhua) -- For many Japanese youngsters getting into a reputable university will be one of their lifelong achievements, along with landing a good job Air Force One Off White Solde , getting married and having a family, and establishing a lifestyle that involves owning property, annual international vacations and perhaps a stint working overseas as the career ladder is ascended.
For students from affluent backgrounds, much of this is laid out for them from a very young age with prestigious elementary schools being directly affiliated with notable junior high schools and high schools, which in turn are connected to top-tier universities with these often having favorable relationships with prominent companies here. This predetermined path through education, into a top-flight job www.airforceonesolde.fr , is known here as the "escalator system."
The system here is taken very seriously, with parents investing monumental sums of money into the institutions themselves and private tuition on top to ensure their child or children pass the requisite exams to propel them upwards to the next institutional level.
Such is the competition for places in prestigious schools that will virtually guarantee a child a successful career and status in society upon eventual graduation, that even at an elementary school entrance age, where children are as young as six years old, as well as their educational potential being assessed prior to being accepted, the schools also interview and assess the children's parents Chaussure Air Force One Solde , to ensure they are suitable and represent the right kind of "stock" the school is looking for to continue its legacy.
But while there's no doubt that from elementary school through to senior high school, students in Japan aiming for top-tier careers, study extremely hard to get to the next educational stage; with kids as young as 7 and 8 known to attend "juku," or after school cram schools as they're known in English, extending their average study day to up to 10-hours, at universities in Japan Air Force One Solde Pas Cher , however, students here are famous for taking their foot off the accelerator and taking it easy for 4-years. Sometimes very, very easy.
"I spend more time playing soccer than I do studying and I also have a part time job, so I'm usually pretty tired in my seminars and lectures," Satoru Kudo, 20 Air Force One Solde , an Industrial and Systems Engineering major at Aoyama Gakuin University, told Xinhua.
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