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« on: Mar 11th, 2018, 9:35pm » |
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WASHINGTON under armour fat tire suomi , 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, took the oath of office to lead the Federal Reserve System on Feb. 3 under armour sling flex suomi , 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, 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 under armour slingride tri suomi , 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, 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 under armour spine disrupt suomi , 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."
The historical city center of Salvador in Brazil Photo: IC
During the just ended BRICS Summit in Xiamen, East China's Fujian Province, how to strengthen relations between the five member countries was one of the top concerns.
While economic connections often reveal a bigger picture of the relationship between governments and enterprises, tourism is an excellent barometer of how well the connections between countries are among common civilians.
According to statistics released by Airbnb, an online marketplace and hospitality service under armour micro g anatomix spawn suomi , over the past decade 4.1 million registered tourists traveled among the five nations. From August 2016 to July 2017, the number of Chinese tourists visiting other BRICS nations doubled, and currently accounts for 43 percent of tourists traveling among the five countries.
For example, in 2016, the number of visits between China and Russia reached 3.27 million, among which Russia to China visits amounted to 1.97 million, a 24.9 percent year-on-year increase under armour speedform apollo twist suomi , meaning it has the sixth largest number of visitors to China.
South Africa, though farther away from China compared to other member countries, also saw in increase of Chinese visitors. According to data from the tourism department of South Africa, in 2016 Chinese travelers made more than 117,000 trips to South Africa, a 38 percent increase from the previous year.
The blossom in tourism should be attributed to better cooperation among BRICS countries, such as launching a tourism year and the BRICS Convention on Tourism.
The BRICS Convention on Tourism was held in Khajuraho under armour speedform apollo vent suomi , a renowned tourist site in India, September 1-2, 2016. More than 100 representatives from China, India, South Africa and Russia took part in the convention, during which time, the tourism development of each country was introduced and the establishment of mutually beneficial tourism relationships among member countries was discussed.
Ever since China launched its Tourism Year of Russia in 2012 and Russia launched its Tourism Year of China in 2013 under armour clutchfit drive 2 suomi , the two nations' tourism institutions have pushed to establish deeper cooperation, such as simplifying the process for getting visas. In 2015, the China National Tourism Administration and Russian Federation of Tourism co-organized a series of red tourism activities, the hometown of Chairman Mao Zedong, Xiangtan city, and the hometown of Vladimir Lenin, Ulyanovsk became sister cities under armour speedform gemini suomi , and the two governments jointly organized the establishment of 10 tourism routes.
"Tourism is the simplest and most direct diplomatic method to build bridges between China and other BRICS countries, as well as the rest of the world. It is also creates bonds that lead to harmonious relationships among people from different nations," Sun Jie, CEO of travel service provider Ctrip, said in an interview with eastday, adding that BRICS countries are becoming popular tourism destinations for Chinese tourists.
Besides these countries' rich tourism resources, other major reasons behind the increase in tourists from China include convenience in getting visas and availa. Cheap Jerseys USA Cheap Jerseys Free Shipping Cheap College Football Jerseys Cheap MLB Jerseys China Cheap NFL Jerseys China Cheap NCAA Football Jerseys Cheap NBA Jerseys China Wholesale Jerseys China Wholesale Jerseys China Wholesale NFL Jerseys
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