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WASHINGTON Nike Huarache Triple White Sale , 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 Nike Huarache Ultra SE Sale , 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, succeeding Ben Bernanke Nike Huarache Ultra Breathe Sale , 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 Nike Huarache Ultra Sandals Sale , 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," Yellen indicated steady pullback in Fed stimulus Mizuno Wave Prophecy 2 Womens Sale , 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 Mizuno Wave Prophecy 2 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."


TBILISI Mizuno Wave Rider 18 Womens Sale , Aug. 4 (Xinhua) -- The UEFA Disciplinary Committee has imposed a penalty of 20,000 euro on Georgia's soccer powerhouse Dinamo Tbilisi, local media reported on Tuesday.


The Committee posted a declaration on its website, saying the penalty on Dinamo was because several banners appeared during a match with Azerbaijani FC Gabala on July 2 in Georgia.


According to the UEFA official website Mizuno Wave Rider 18 Sale , Dinamo Tbilisi was charged for racist behavior, field invasion by fans and displaying an illicit banner.


The match between Dinamo and Gabala was held on July 2. Dinamo won the match 2-1.


An incident took place after the match. As Azerbaijani media reported, there was a quarrel between Georgian and Azerbaijani fans and Georgians damaged the guests' flags in the process.




SHIJIAZHUANG， China， Jan. 16 (Xinhua) -- With booming popularity and a rising profile， many observers say the game of Chinese 8-ball pool has the potential to go global in the near future.


As the fifth edition of the World Chinese 8-Ball Masters enters into its final day in Qinhuangdao， north China' s Hebei Province， organizers are upbeat about the prospects of this home-grown version of billiards.


A RISING TIDE OF FACINATION


"Chinese 8-ball is a fascinating game，" Qiao Bing， president of China's JOY Billiards Group that started the Masters in 2013， told Xinhua in an exclusive interview.


This unique brand of Chinese-style pool， which combines a snooker style， nine-ball table size， and American 8-ball pool rules， has been common in China for decades， but has also become increasingly popular abroad in recent years.


Snooker legend Stephen Hendry now serves as global ambassador of Chinese 8-ball pool. In his view， snooker is akin to the game of chess， while Chinese 8-ball is more like checkers.


"Chinese 8-ball for me is all about a perfect breakoff，" the 48-year-old Scot told Xinhua. "It' s much more aggressive."


In addition to inviting Hendry to help promote the game， JOY has worked to globalize Chinese 8-ball， and have started to see promising results. In the space of about five years， JOY' s tournaments were viewed 250 million times on TV and 400 million times online across the world.


Last year， JOY successfully held overseas series in 11 countries， including Argentina， Canada， Mexico， the United Kingdom， and the United States， while the week-long 2017 Finals has attracted 64 contestants from 26 countries， competing for a combined prize of 120，000 U.S. dollars. This year， the prize pot has increased to 140，000 dollars.


Qiao noted that raising the standard of the game and the prize money available is an intentional effort to increase the profile of the game.


"A high-level event with a substantial prize is attractive to professional players， additionally， players can pick up Chinese 8-ball in a very short time with no need for extensive training，" said Qiao.


JOY's efforts to promote Chinese 8-ball have been recognized by the World Pool-Billiard Association， the international governing body of pocket-billiard sports.