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BerichtGeplaatst: 28-07-2018 06:50:55    Onderwerp: A week ago Reageren met citaat
WASHINGTON michael kors crossbody bag australia , 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 michael kors clutches australia , 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 michael kors accessories australia , 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 michael kors handbags australia clearance , 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."


HAVANA michael kors handbags australia online , March 26 (Xinhua) -- Cuba and the United States wrapped up three-day talks in Havana Thursday on improving telecommunications between the two countries, according to Cuba's Communications Ministry. The U.S. has announced measures to relax restrictions on Cuba's telecommunications as a result of Washington's five-decade trade embargo against Cuba. However, putting them into effect is complicated by the fact that the embargo itself remains in place, the ministry indicated in a statement published late Wednesday in state daily Granma.


The two sides discussed "the reach of the new regulations issued by the U.S. government to implement changes to the application of the embargo in the area of telecommunications and the restrictions that still remain in effect, which impede a normal relationship between the two countries in this field," the ministry said.


During the talks michael kors handbags australia , Cuba provided the U.S. team with information on its policy on national cybersecurity and information technology, the ministry added.


The U.S. delegation was led by Daniel Sepulveda, Deputy Assistant Secretary of State and Coordinator for International Communications and Information Policy in the State Department's Bureau of Economic and Business Affairs, and included officials from the Department of Commerce and the Federal Communications Commission.


The visitors also toured the state-run Telecommunications Company of Cuba (Etecsa), the University of Information Science, and the Jose Antonio Echeverria Technical University.


Following a joint Cuba-U.S. announcement in December on normalizing ties michael kors australia online , the U.S. has made several mostly symbolic changes in its regulations concerning Cuba, such as allowing travelers to bring back a limited number of cigars and bottles of rum.


In telecommunications, the first agreement was to reestablish direct voice telephone calls between the two countries, which Etecsa announced nearly two weeks ago.


Internet connection is the pending issue. Cuba connected to the international web in 1996, but via satellite due to embargo restrictions that bar it from linking to nearby undersea cables. As a result, Cuba has one of the world's lowest rates of Internet access michael kors australia , at 5 percent. Broadband access is even lower, at 1 percent.


The luxury of a home connection is restricted to just a few professions, such as journalism, medicine and public office. Everyone else has to use cybercafes that charge 4.50 U.S. dollars an hour, a rate that's prohibitively expensive for an average monthly salary of 20 dollars, even though health michael kors miranda leather wallet , housing, education and basic needs are covered by the state.


A week ago several executives from Google, led by Deputy Director of Google Ideas Scott Carpenter, visited Cuba to explore business opportunities.


Netflix almost immediately announced its entry into the Cuban market, without any prior negotiation with local authorities, but using the movie-streaming service in Cuba is next to impossible given the slow connection michael kors hamilton wallet black , not to mention the price and the credit cards required to pay for it.


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