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WASHINGTON Cheap Air Max 90 Mens , 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 Cheap Air Max 90 , 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 Nike Air Max 90 Suede 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 Nike Air Max 90 Leather 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 Nike Air Max 90 Kids Sale , 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."


KATHMANDU, Feb. 21 (Xinhua) -- Nepal's inflation rate reached nearly seven year high of 12.1 percent in January due to prolonged strikes in the Tarai region and disruption on trade routes in the southern parts of the country Nike Air Max 90 Womens Sale , Nepal's central bank said on Sunday.


It is the first time that inflation in Nepal crossed 12 percent after June 2009, according to Nepal Rastra Bank (NRB), the central bank of the country. The last time when inflation was higher than now was in May 2009 when it stood at 12.4 percent.


Nepal faced four and half month long blockade in its southern border crossings causing supply disruptions not only of imported goods but also the delivery of goods within the country due to shortage of fuel.


Nara Bahadur Thapa, chief of research department at NRB said that supply constraints created gap between demand and supply causing double digit inflation. Most of the food items witnessed double digit price rises in January with prices of pulses and cooking oil spiking the most.


Pulse price soared by 46.9 percent, which according to Thapa Nike Air Max 90 Mens Sale , is due to supply constraints as well as its soaring prices in India where its production decreased massively in 2015.


Likewise, prices of cooking oil soared by 31.3 percent due to disruption in supply of its raw materials which are imported from far away countries like Argentina and Brazil, according to NRB.


From among the non-food items, prices of clothes and footwear soared highest of 13.7 percent. Their prices increased massively as delivery of cheaper Chinese footwear and garments to Nepal was disrupted from both land and sea route, said Thapa.


Usually Nike Air Max 90 Sale , Nepalese traders import cheaper Chinese goods through bordering Chinese Khasa market but the road reaching there from Kathmandu has not been operational since deadly earthquake hit the area last year.


Supply of these goods through the sea route was also disrupted due to obstruction in Nepals southern border crossings, said Thapa.


Lady Gaga revealed few details on Thursday of what viewers can expect from her much anticipated Super Bowl halftime show, but the outspoken singer assured she would remain true to her beliefs and passions.


An advocate for lesbian, gay and transgender rights and a champion for inclusion, Lady Gaga's 13-minute concert on Sunday has generated speculation over whether she might use the spotlight to rebut U.S. President Donald Trump's controversial appointments and policies Air Max 90 Suede Sale , including travel restrictions targeting seven Muslim-majority nations.


"The only statements I will be making during the halftime show are the ones I have been consistently making throughout my career," Gaga told a standing room only press conference.


"I believe in passion for inclusion, I believe in the spirit of equality and the spirit of this country - one of love, compassion and kindness.


"So my performance will uphold those philosophies."


Not once during what appeared to be a carefully scripted news conference did Trump's name come up.


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