WASHINGTON ECCO Uomo Soft 8 Tie Bianche Italia , 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 ECCO Uomo Cool 2.0 Textile Gtx Bianche Italia , 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 ECCO Kallum Premium Sneakers Bianche Italia , 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 ECCO Uomo Intrinsic Tr Run Nere Italia ," 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 ECCO Ian High Stivali Cocoa Marrone Italia , 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, Jan. 26 (Xinhua) -- Foundations of complete Roman town houses ECCO Uomo Cruise Sandali Nere Italia , dating back over 1,600 years, have been discovered in a downtown park in the English city of Chichester, it was revealed Thursday.

City officials said they are expected to be some of the most remarkable Roman finds ever found in Britain.

Archaeologists were stunned to find three almost complete Roman buildings, footings of which have survived over 1 ECCO Rugged Track Gtx High Stivali Nere Italia ,600 years in Priory Park in the center of a thriving city close to England's south coast, just 88 km from London.

A spokesman at city hall said: "The scans appear to show two large masonry houses and would have been owned by someone of great importance. The third building is of great interest because of its unusual shape."

The discovery was made after geophysics specialist David Staveley used ground penetrating radar equipment to scan parks in Chichester.

This was done in agreement with Chichester council's archaeologist James Kenny who felt the parks were the most likely place to discover remains that would have survived.

Following the scans, Kenny and the local archaeology society carried out a very small dig in the park which confirmed the discovery.

Kenny said Thursday: "What's remarkable about this discovery is that it has survived over 1,000 years in a currently occupied city. The only reason they have survived is because they are under a park that has never been built on. It's almost unique to see Roman houses survive in this type of setting and to be so complete."

"The location marks what may have been one of the more affluent parts of the Roman Town, with these houses being the equivalent to a property worth millions of pounds in today's society. The two houses have walls surrounding complete rooms ECCO Track 6 Gtx Moc Toe Hi Stivali Nere Italia , which are set around a courtyard or atrium. There is also a deep masonry building with a rounded end."

"These are definitely going to be some of the best surviving Roman remains that have been uncovered in a city environment."

He said the aim now was to carry out a dig to uncover the buildings that had been found.

"This is sure to unlock even more buried secrets and items of importance," said Kenny.

He said he wanted site visits to enable members of the public to watch the archaeologists at work.

Chichester's rich Roman history already attracts tourists from around the world because of its city walls and Roman bath house, located in the city's Novium Museum. Enditem

KUALA LUMPUR, Dec. 10 (Xinhua)-- Malaysia's gross domestic product (GDP) forecast for 2015 has been reduced from 5.3 percent to 5 percent by local economists in view of the rapid plunge in crude oil prices and lower trade surplus, according to local reports Wednesday.

Two economists told the local English daily the Star that they had reduced their forecast from 5.3 percent to 5 percent while Maybank IB Research said in a note that it was reviewing the real GDP forecast of 5.2 percent for next year and could revert to its previous projection of 5 percent.

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