WASHINGTON， Nov. 17 (Xinhua) -- U.S. Federal Reserve chair Janet Yellen said on Thursday that it will be appropriate for the central bank to hike interest rate relatively soon， and warned of the risks of keeping rate low for too long.
"The (Federal Open Market) Committee judged that the case for an increase in the target range had continued to strengthen and that such an increase could well become appropriate relatively soon if incoming data provide some further evidence of continued progress toward the Committee's objectives，" said Yellen.
In her testimony before the Joint Economic Committee of the U.S. Congress， Yellen also warned of the risks of keeping the interest rate for too long.
She said that if the central bank delays rate hikes for too long， it could force the Fed to tighten rates relatively abruptly and could encourage excessive risk-taking and ultimately undermine financial stability.
The Fed chair gave a relatively upbeat estimate for the U.S. economic outlook， saying that economic growth is expected to "continue at a moderate pace sufficient to generate some further strengthening in labor market conditions and a return of inflation to the Committee's 2 percent objective over the next couple of years."
She also stressed that the rate hikes trajectory will remain gradual in view of the moderate economic growth. Yellen did not give comments on the recent U.S. presidential result.
The Fed will hold its next policy meeting， also the final of the year， on Dec. 13-14. Investors widely expected the Fed would move the rates at the December meeting.
LUSAKA， Nov. 11 (Xinhua) -- Zambia's parliament on Friday unanimously ratified the Paris Agreement， as officials highlighted the country's commitment on climate change issues.
Zambian Vice-President Inonge Wina said the government was committed to addressing the effects of climate change， adding that the benefits of the Paris Agreement included technological transfer and capacity building.
"We need to sensitize our communities on the need to address climate change through tree planting and sustainable protection of the environment，" she said when the motion was moved in parliament.
She said if left unchecked， climate change could cause harm to the country's economic development.
On September 20， Zambian President Edgar Lungu appended Zambia's signature to the Paris Agreement during the 71st Session of the UN General Assembly in New York.
The overall objective of the agreement is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius.
CHICAGO
puma basket heart patent femme , Jan. 8 (Xinhua) -- Children as young as five already have distinct emotional reactions to spending and saving money, and these translate into actual, real-life spending behaviors, a study of the University of Michigan (UM) found.
In the study
puma basket heart femme pas cher , UM researchers created a Spendthrift-Tightwad Scale for Children, and asked 225 kids various questions about their emotional response to saving and spending.
Children were oriented along the scale based on their answers, and then researchers examined whether these emotional reactions translated into actual spending behavior when at the end of the study by giving kids a dollar to spend on toys or save.
Kids on the spendthrift end were more likely to buy and tightwad kids were more likely to save. Parents independently provided data on their child's reactions to spending and saving, and these verified the accuracy of the child's self-reports.
"We showed that
puma basket heart pas cher , in 5-to-10-year-olds, one's emotional response to spending and saving is a useful predictor of what you do with your money," said study lead author Craig Smith, research investigator at the UM Center for Human Growth and Development.
Even if spendthrift-leaning children weren't crazy about an item
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"This is similar to adults, in that beyond how much they like the item, their emotional orientation towards spending and saving uniquely predicted if they spent or saved," Smith said.
Four times as many children were classified as tightwads than spendthrifts
puma suede creepers pas cher , which also holds true for adults.
Meanwhile, parents completed the adult version of the tightwad-spendthrift scale, and researchers didn't find any significant relationship between a parent and their child's placement on the scale. A study is under way to test this connection more carefully.
In the last decade, financial literacy classes in which younger kids learn about checking and savings accounts and the value of money and goods have grown in popularity. If spendthrift kids were identified early
puma suede heart femme pas cher , special interventions could help them learn to think about the negative consequences of overspending.
The study is scheduled to appear in the Journal of Behavioral Decision Making.
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SYDNEY, Oct. 3 (Xinhua) -- The shooting of a civilian police employee in western Sydney by a 15-year-old gunman was an ""act of terrorism,"" Australian authorities said on Saturday.
""This appears to have been an act of politically motivated violence so at this stage it appears to have been an act of terrorism,"" Australian Prime Minister Malcolm Turnbull told reporters in Melbourne. ""It is a shocking crime. It is a cold- blooded murder.""
The teenager of Iraqi-Kurdish decent
puma suede heart pas cher , born in Iran, shot and killed Cutris Cheng, a 17-year veteran in the New South Wales Police's financial department, on Friday afternoon.
""We're a long way from establishing a full picture of this man
www.suedeheart.fr , and his exact motivations still remain a mystery to us,"" New South Wales police commissioner Andrew Scipione said.
Initial investigations by Australian counter-terrorism authorities indicated the teenage gunm.
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