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|WASHINGTON Cheap New Balance 574 , 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 New Balance 574 Shoes , 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 New Balance 574 Sale , 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 New Balance 574 Pink ," 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 New Balance 574 Green , 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."
Nadezhda Tolokonnikova (right) of Pussy Riot performs in New York on February 15. Photo: IC
Russian punk provocateurs Pussy Riot are branching into theater to tell their story as they headline a New York festival that explores women's empowerment.
Spring Revolution, which opened Wednesday at Brooklyn's year-and-a-half-old experimental music hub National Sawdust New Balance 574 Burgundy , will also feature a jazz interpretation of Argentina's celebrated protest singer Mercedes Sosa.
Pussy Riot became an irritant to Russian President Vladimir Putin and an international cause celebre when the female rockers performed a noisy "punk prayer" on the altar of a Moscow church near the Kremlin in 2012.
Maria Alyokhina, who was imprisoned along with fellow key member Nadezhda Tolokonnikova, has turned the Pussy Riot experience into an autobiographical theatrical work entitled Revolution.
The piece, which will take the stage at National Sawdust on March 17 after stops on the US West Coast, combines video footage and features Alyokhina herself among performers who include fellow Russian punk act Asian Women on the Telephone.
The composer Paola Prestini New Balance 574 Black , who is National Sawdust's executive and creative director, said the venue had been open to any sort of performance by Pussy Riot and found the turn to theater "really exciting."
"It seems like a natural evolution for an artist who deals with highly political themes," she said.
A new work by Prestini for cello and electronics will premiere as part of the festival on March 5 alongside works of Philip Glass and John Zorn, two leading composers who serve as artistic advisors to National Sawdust.
The Spring Revolution festival, which runs throughout the month New Balance 574 Classic , focuses on the empowerment of women as well as cultural exchanges more broadly and coincides with International Women's Day on March 8.
Taking place a month into the presidency of Donald Trump, Prestini said the festival was inevitably "deeply reflective of the time we're living in."
Chinese President Xi Jinping (L front) is welcomed by Kazakhstan First Deputy Prime Minister Askar Mamin upon his arrival in Astana, Kazakhstan, June 7, 2017. Chinese President Xi Jinping arrived here Wednesday for a state visit to Kazakhstan and the 17th meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO). During his stay in the Central Asian country New Balance 574 , Xi will also attend the opening ceremony of the Expo 2017 in Astana. (XinhuaPang Xinglei)
ASTANA, June 7 (Xinhua) -- Chinese President Xi Jinping arrived here Wednesday for a state visit to Kazakhstan and the 17th meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO).
During his stay in the Central Asian country, Xi will also attend the opening ceremony of the Expo 2017 in Astana.
"I am glad to come to the beautiful country of Kazakhstan. I have been deeply impressed by the magnificent Kazakh steppe, vibrant rivers, the racing horses and most of all, the warm-hearted and sincere Kazakh people," Xi said in a written stat.