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 kd 7 all star pas cher , 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 kd 6 mvp pas cher , 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 kd 6 easter pas cher ," 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 kd 6 christmas pas cher , 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."
DHAKA, Aug. 27 (Xinhua) -- A suspected militant was killed in ablast during a house raid in Bangladesh's Mymensingh district kd 6 brazil pas cher , some122 km north of capital Dhaka, on Sunday night, a local policeofficial said.
Senior Mymensingh Police official Noor-e-Alam told journaliststhat they suspect militants were using the house to make bombs.
"Law enforcers found the alleged militant's body lying in a poolof blood in the tin-roofed house which was kept under cordon sinceSunday afternoon," he
said.
"We're yet to enter the house, suspecting that there are morebombs in it."
He said a bomb disposal team from capital Dhaka is on its way toMymensingh.
The militant's wife and son were rescued unhurt from there.
No further details were immediately available kd 6 bhm pas cher , he added.Enditem
LAS VEGAS — The latest on the Democratic presidential debate at the Wynn hotel in Las Vegas (all times local):
___
6:10 p.m.
Former Secretary of State Hillary Clinton is defending capitalism - and going after her most serious opponent in the process.
Vermont Sen. Bernie Sanders describes himself as a Democratic socialist, and in Tuesday's debate he has praised countries like Denmark for their protection
of workers.
When the candidates were asked by debate moderator Anderson Cooper if they agree with Sanders' view, Clinton was quick to chime in. She says when she
thinks about capitalism "I think about the all the small businesses."
Clinton concedes that every so often capitalism needs to be saved from itself but "our job is to rein the excesses of capitalism."
___
6:09 p.m.
Bernie Sanders is kicking off his first debate answer by listing some of his favorite countries — Denmark, Sweden and Norway.
The self-proclaimed Democratic socialist says all three nations are examples of places that provide for working people. Sticking with his progressive
campaign message, Sanders is railing against a system in the United States that
he says benefits the very wealthy.
Democratic front-runner Hillary Rodham Clinton seized on the comments from her top opponent in the race kd 6 away pas cher , saying capitalism can also help small businesses. "We are not Denmark. I love Denmark. We are the United States of America," she
proclaimed.
Sanders shot back that business growth is meaningless if it only benefits the "top 1 percent."
___
6:08 p.m.
Lincoln Chafee says his views on the issues haven't changed, even though his political affiliation has.
The former Rhode Island governor and senator is a former Republican and independent. Now, when he's running for president, Chafee says he's a "proud
Democrat."
In the first Democratic debate kd 6 aunt pearl pas cher , Chafee says despite those changes in political affiliation, on policy he is a "block of granite."
He says, "I have not changed on the issues."
Chafee says the Republican Party left him and there was no room for a liberal moderate in the GOP.
___
6:05 p.m.
Hillary Rodham Clinton is immediately defending changing her position on the Trans-Pacific Partnership trade agreement last we. Cheap MLB Jerseys Cheap College Jerseys Online Cheap NHL Jerseys Online Cheap Replica Soccer Jerseys Cheap NHL Hockey Jerseys Cheap NFL Football Jerseys Wholesale Jerseys Wholesale Jerseys China Wholesale NHL Jerseys Wholesale Nike NFL Jerseys
