WASHINGTON Air Jordan Shoes For Sale Free Shipping , 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 Air Jordan For Sale Free Shipping , 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, 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 Jordan Retro For Sale Free Shipping , 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, 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 Jordan Shoes For Sale Free Shipping , 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, 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."
Financial service firm EY aims to double the size of its cybersecurity team in China “within next 18 months” to meet surging demand in the market where its cybersecurity revenue soared 50 percent annually Authentic Air Jordan Retro For Sale , Shanghai Daily learned today.
EY, one of the Big Four accounting companies, is also seeking merger and acquisition opportunities in China, Paul van Kessel, leader of EY Global advisory cybersecurity team, added.
EY plans to have 300 security specialists in eight Chinese cities Authentic Air Jordan Shoes For Sale , including Shanghai, hopefully within next 18 months, double the current level, van Kessel said during an interview in EY Shanghai office.
Demand for cybersecurity, which covers issues like careless employees opening emails or links with malware, ransomeware attacks and compliance with national security laws Authentic Air Jordan For Sale , has surged among companies in China. In Asia Pacific, the identification (security threat) market is expected to hit US$2 billion in 2017, according to EY.
In China, EY's revenue has grown 50 percent annually and it is expected to maintain a “double digit” growth rate.
In China, EY said it cooperates with partners including Microsoft and Nokia as well as domestic brands like Huawei and Alibaba to offer customers various services.
SYDNEY, Nov. 20 (Xinhua) -- Leading Australian experts have called on the country's governments to hold tobacco companies accountable for damage done to people's health by taking them to court.
In an article published in the Medical Journal of Australia Authentic Jordan Retro For Sale , public health experts from Macquarie University and Curtin University called on state and federal governments to seek remuneration from tobacco companies for the burden put on the public health system by smoking-related illnesses.
The authors, led by Macquarie University Health Studies lecturer Ross Mackenzie, said that Australia could use Canada, where the province of British Columbia's right to sue the tobacco industry was upheld by the Supreme Court, as a precedent.
"An estimated 2.6 million adult Australians were smokers in 2014, and smoking remains the country's leading preventable cause of death and disease Authentic Jordan Shoes For Sale ," they wrote.
"It causes 15, 000 deaths annually and is likely to kill two-thirds of current users. Annual health, social and economic costs of smoking were estimated at more than $31.5 billion in 2008, and are now considered to be substantially greater."
Mackenzie and colleagues said there were lessons to be learnt from the Canadian experience.
"A major recovery in Australian litigation could potentially push an Australian subsidiary of a global cigarette manufacturer into bankruptcy, depriving plaintiffs of the opportunity to recover full damages... (It is) imperative that the parent (tobacco) companies remain as defendants in legal actions in order to satisfy the large damage awards necessary to provide just financial compensation," they said.
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