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|Posted: Sun Apr 15, 2018 3:15 am Post subject: sparked outrage
|WASHINGTON Real Air Jordan Retro For 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, 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 Real Air Jordan Shoes For Sale , 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 Real Air Jordan For 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 Real Jordan Retro For 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 Real Jordan Shoes For 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."
RIO DE JANEIRO， Jan. 17 (Xinhua) -- Brazil's crude steel production totaled 30.2 million tons in 2016， down 9.2 percent from 2015， the Brazilian Steel Institute announced on Tuesday.
Production of laminated steel amounted to 20.9 million tons， which represents a 7.7 percent fall from 2015.
Foreign trade involving steel also fell last year. Imports of steel were down 41.4 percent from 2015， totaling 1.9 million tons. Exports of steel， on the other hand， had only a light fall， totaling 13.4 million tons， down 2.1 percent from 2015.
Consumption of steel products， which is measured by adding domestic production and imports and subtracting exports， totaled 18.2 million tons in 2016， down 14.4 percent from 2015.
According to the Institute， the reduction can be seen as a reflection of the poor national economic performance last year， especially in the industrial sector.
Marco Polo de Melo， executive president of the Brazilian Steel Institute， told governmental news agency， Agencia Brasil， that the steel sector is going through an unheard of crisis.
"2016 had the worst crisis the steel industry faced in all its history. Even 2008， when there was a global crisis， was not so bad，" he told Agencia Brasil.
According to Polo， in addition to the recession which is plaguing Brazilian economy in general， the main clients of the steel industry， namely the automotive， machinery and construction sectors， have been facing poor results.
US President Donald Trump has apologised for the first time for retweeting a British far-right group's videos apparently showing Islamist violence, in an ITV interview aired in Britain on Friday.
"If you're telling me they're horrible racist people Air Jordan Retro For Sale , I would certainly apologise if you'd like me to do that," he told Good Morning Britain's Piers Morgan during the interview, conducted in Davos on Thursday.
Trump sparked outrage in Britain in November when he retweeted, in quick succession, three anti-Muslim videos posted by Jayda Fransen Air Jordan Shoes For Sale , the deputy leader of Britain First who was in 2016 convicted of religiously aggravated harassment of a Muslim woman.
Morgan accused the president of causing "huge anxiety and anger in my country, because Britain First is basically a bunch of racists, fascists".
"Of course I didnt know that," Trump responded in excerpts of the interview aired Friday.
"I know nothing about them (Britain First), I know nothing about them today Air Jordan For Sale , other than I read a little bit," he added.
"Perhaps it was a big story in the UK, but in the United States it wasn't a big story.
"I did a retweet. When you do those retweets they can cause problems because you never know who's doing it to start off with," the president told Morgan.
by Ejidiah Wangui
NAIROBI, Sep. 14 (Xinhua) -- Beatrice Oloo and Jenifer Wanjiru have sustained their friendship since childhood and both experienced abject poverty while growing up in Kibera Jordan Retro For Sale , the largest slum in Kenya's capital, Nairobi.
However, a month ago, the.