WASHINGTON Salomon Kalalau 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 Salomon Outban Low Mens , 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 Salomon Outban MID Mens , 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 Salomon S-LAB 5 XT Wings Mens ," 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 Salomon XT Wings 3 Mens , 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."

LONDON, Sept. 14 (Xinhua) -- U.S. Secretary of State Rex Tillerson was holding high level talks in London Thursday to discuss the impact of Hurricane Irma as well as ways of tackling the situation in the Democratic People's Republic of Korea (DPRK).

It is Tillerson's second visit to Britain since taking up his post Salomon SpeedCross 3 CS Mens , and follows his visit in May after the Manchester Arena terror attack.

The Foreign and Commonwealth Office (FCO) in London said Foreign Secretary Boris Johnson will hold discussions with Tillerson and the French Political Director Nicolas de Riviere.

An FCO spokesperson said Britain, the U.S. and France will have a discussion on tackling what the British government described as "the aggressive and illegal actions of the North Korean regime"

"The UK is at the heart of mobilising world opinion with the aim of achieving a diplomatic solution to the situation on the Korean peninsula.

The international community adopted new measures on Sept. 11 which put in place the most stringent UN sanctions regime placed on any nation in the 21st century," said the FCO.

Johnson was Thursday also chairing a meeting on Libya with the Special Representative of the United Nations Secretary General for Libya, Ghassan Salame. Tillerson and de Riviere were also expected to be at the London meeting along with Italian Foreign Minister Angelino Alfano, Egyptian Foreign Minister Sameh Shoukry and the United Arab Emirates Minister of State for Foreign Affairs Dr Anwar bin Mohamed Gargash.

The FCO spokesperson added: "The Libya meeting is an opportunity to discuss how to break the political deadlock in Libya Salomon GCS Pro Trail Mens , and to build momentum in support of the efforts of the UN Secretary General and his Special Representative.

"Helping to bring stability to Libya is a vital part of UK efforts to tackle the threat from terrorism and the issue of illegal migration, which exist in close proximity to Europe."

Speaking ahead of the meetings the Secretary Johnson, who returned to London Thursday after a fact-finding visit to British Overseas Territories devastated by Hurricane Irma said: "Britain will continue to work closely alongside our partners to tackle the shared challenges we face worldwide."

Johnson, Tillerson and de Riviere were also discussing the continued co-ordination in response to Hurricane Irma.

Tillerson flew to Britain in May to deliver in person and apology after officials in the U.S. leaked details of the Manchester bombing during the sensitive earlier stages of a police investigation.

The U.S. secretary of state, Rex Tillerson Salomon Snowcross Mens , has flown to the UK to deliver in person an apology for leaks by U.S. officials of details of the police investigation into the Manchester bombing.

The Guardian newspaper said at the time that such a public apology by a senior U.S. politician, and flying to London specifically to make it, was unprecedented in US-UK relations.

"That the Trump administration felt the need to make such a gesture illustrates the seriousness of this week's rift," said a Guardian commentary.

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