WASHINGTON Cheap Nike Air Max 90 Australia , 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 Nike Air Max 90 Australia , 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 Air Max 90 Australia Clearance , 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 Air Max 90 Australia Sale ," 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 Mens Air Max 90 Australia , 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."
BUDAPEST, Aug. 15 (Xinhua) -- Eggs contaminated by Fipronil have been detected in Hungary Womens Air Max 90 Australia , the National Food Chain Safety Office (NEBIH) said here on Tuesday.
"There was a residual amount of the product, in a non-health hazardous amount, so their consumption does not pose a health risk," NEBIH declared on its website. However, the eggs were taken off the market Air Max 90 Australia Free Shipping , Nebih added.
The NEBIH Laboratory is continuously conducting the targeted inspections ordered by the Robert Zsigo, the State secretary responsible for the food chain safety, NEBIH explained.
"Today, the first results of the inspections were ready and the experts of NEBIH have shown the presence of Fipronil in 4 occasions in eggs (in 1 case from Germany and in 3 from Poland)," NEBIH said.
The quantity of the residues did not exceed the permissible value in any case. The items concerned are blocked by the authority Wholesale Air Max 90 Australia , who undertakes the necessary measures.
The Hungarian authorities advised the population to buy and eat preferably Hungarian eggs, until the end of the crisis.
The European Commission said last Friday that the Fipronil-contaminated eggs have been found in 15 European Union (EU) countries.
Tens of millions of eggs have been withdrawn from shops in several EU countries, and hundreds of farms have been shut down.
Fipronil is a pesticide effective on a large number of pests. It is considered slightly poisonous by the World Health Organization (WHO) and is hence forbidden on animals destined for the food chain to prevent damage to human liver, thyroid and kidney.
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