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WASHINGTON adidas nmd runner
baratas , 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 adidas neo
baratas , 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 adidas energy boost
baratas , 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 adidas superstar w
baratas , 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 adidas superstar 80s
baratas , 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 adidas superstar
slip on baratas ," 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 adidas superstar
flores baratas , 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 adidas
superstar foundation baratas , 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."

　　Chinese writer Cao Wenxuan （1st L） sits during the announcement of the Hans
Christian Andersen Prize 2016 in Bologna， Italy， on April 4， 2016。 Chinese
children'；s fiction writer Cao Wenxuan on Monday won the Hans Christian Andersen
Prize 2016 at the Bologna Children'；s Book Fair in Italy。 （XinhuaSong Jian）

　　“The unanimous choice of the jury， Cao writes beautifully about the complex
lives of children facing great challenges，” said Patricia Aldana， the Hans
Christian Andersen Jury President 2016， announcing the winner of the prize‘s
author award。

　　She cited Cao‘s Bronze and Sunflower， a novel set during the time of the
Cultural Revolution in a rural Chinese village， and Dingding Dangdang series
about two brothers with Down syndrome who separately flee their village and then
search for each other， as “deeply humanistic” books， because they acknowledge
that life can often be tragic also for children， who nonetheless can be redeemed
by the human qualities and kindness they sometimes find when they are most in
need。

　　Chinese writer Cao Wenxuan （2nd R， front） poses for photos after winning
the Hans Christian Andersen Prize in Bologna， Italy， on April 4， 2016。 Chinese
children'；s fiction writer Cao Wenxuan on Monday won the Hans Christian Andersen
Prize 2016 at the Bologna Children'；s Book Fair in Italy。 （XinhuaSong Jian）

　　“Cao is a great example of how writing wonderful prose and telling stories
about brave children facing tremendous difficulties and challenges can attract a
very wide and committed child readership as well as helping to shape a literary
tradition in China that honors the realities of children‘s worlds，” Aldana
highlighted。

　　Born in 1954 in a small rural village in Yancheng， Jiangsu province， Cao
spent his childhood in poverty。 He nonetheless was able to study at Peking
University and is now a professor of Chinese literature and children‘s
literature。

　　When people achieve something， it is because they have a background， Cao
told Xinhua soon after his award‘s announcement。

　　“And my background is China，” he highlighted。

　　“All of my stories are set in China， all of them are Chinese stories， but
at the same time they are the stories of humankind，” he said。

　　Recently Cao‘s books have been making their way into the world and have
found enthusiastic readers in Britain， France， Germany and Italy。

　　Cao wished that the world will increasingly look at China‘s literature with
a more fair and open attitude， and that Chinese authors will make an effort to
use a language that is suitable for translation， a communication style that can
be understood by the entire world。

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