Yellen told lawmakers she expected "a great deal of continuity" in the central bank's monetary policy Cheap Nike Air Max , 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, succeeding Ben Bernanke Cheap Air Max 1 , 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 Air Max 2017 , 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 Cheap Air Max 2018 , 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 Air Max , 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."


MADRID Cheap Nike Air Max 1 Clearance , Sept. 21 (Xinhua) -- The Spanish basketball team celebrated its victory in the EuroBasket tournament in the capital city of Madrid on Monday.


The Spanish had claimed their third European crown on Sunday when they defeated Lithuania by an impressive 80-63 in Lille. Led by 35-year-old Pau Gasol, who was voted MVP of the tournament the Spanish were superb in the knockout stage and showed their personality in the semi-finals when Gasol scored 40 points as they came back from 11 points down against France.


The win helped erase the disappointment suffered by the Spanish in last year' s World Championship where Spain was knocked out of the quarter-finals by the French in front of their own support.


After flying into Madrid airport at midday, the team and coach, Sergio Scariolo were taken to meet Prime Minister Cheap Nike Air Max 2017 Clearance , Mariano Rajoy at his official residence and then travelled into the Plaza de Callao in the middle of Madrid.


Rajoy said the team had "made millions of people happy, while asking for nothing in return."


Despite it being a working day the streets and the Plaza were packed with thousands of fans looking for a glimpse of their heroes and to celebrate alongside them a result which confirms the quality of a generation which has also won the 2006 World Championships as well as Olympic silver medals in Beijing and London.




by Tan Shih Ming


SINGAPORE， July 13 (Xinhua) -- Singapore shares closed 0.30 percent higher on Wednesday， buoyed by speculations that Japan may consider an aggressive form of policy easing to jump start its economy.


However， the Japanese government denied the possibility of using "helicopter money，" a measure that would involve the central bank directly financing government spending or tax cuts. Instead， the Japanese government said it is planning a "bold economic stimulus" to defeat deflation，


Singapore's benchmark Straits Times Index inched up 8.83 points to 2，910.65 points. Trading volume was 1.88 billion shares worth 1.09 billion Singapore dollars. Advancers outnumbered decliners 224 to 190， while 493 stocks did not move.


Singapore Technologies Engineering rose 1.5 percent to 3.37 Singapore dollars. Its aerospace arm won new contracts worth 770 million Singapore dollars during the second quarter， which underscored its position as an established aircraft maintenance firm in Asia.


The orders， which included line and heavy airframe maintenance for commercial airlines and military operators， as well as cabin interior modifications for different customers， follow contracts worth 443 million Singapore dollars that ST Engineering won in the first quarter.


SembCorp Industries rose 1 percent to 2.90 Singapore dollars. It announced new partners for its upcoming water industry center in China， building on its international profile as an important utilities player.


Nanjing International Water Hub has secured two respected Chinese water research institutes - National Engineering Research Center for Special Separation Membranes and the National Environment Protection Organic Chemical Wastewater. Jerseys Wholesale Jerseys China MLB Jerseys Cheap NHL Jerseys Wholesale NFL Jerseys China NBA Jerseys Free Shipping Custom NFL Jerseys Wholesale Replica Soccer Jerseys China Adidas NHL Jerseys Cheap New MLB Jerseys China