WASHINGTON
Nike Air Jordan Retro Shoes 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, 67, took the oath of office to lead the Federal Reserve System on Feb. 3
Nike Air Jordan Retro For Sale , 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, 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
NIke Air Jordan Shoes For Sale , 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, 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
Nike Air Jordan For Sale , 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."
by Xinhua writers Liu Xin and Lu Ye
BEIJING, April 22 (Xinhua) -- "You will never be alone. Your family will love you forever," reads an engraving on a tombstone in the northern suburbs of Beijing.
Li, 70, sweeps the tomb
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The tomb is surrounded by plastic flowers and snacks, and a photograph of the dog is pasted on the tombstone. Its name was Nini, and it was the family dog for 18 years.
Like many other pet owners in China, Li spent more time with her dog than her children. "Since they were busy with the jobs."
"I miss Nini," Li said. "She was our spiritual sustenance."
The family is very happy with the peaceful plot at Baifu Pet Cemetery, north of Beijing.
The cemetery's administrator
Nike Jordan Retro For Sale , Zhang Youwang, explained that the cemetery offers a range of services including cremation, burial, tombstone inscription and memorial services. They have buried more than 3,000 dogs, cats, rabbits
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The cemetery was founded by a member of the China Small Animal Protection Association (CSAPA) in 2002.
According to the CSAPA, China has about 170 million pet cats and dogs. With an average death rate of 5 percent, 8.5 million pets die each year.
The tombs are similar to those dedicated to people and are made of marble or cement and can cost tens of thousands of yuan.
Each tomb has a 30-year lease, with a fee paid annually.
"The urns range from 100 yuan [16.3 U.S. dollars] to 1,000 yuan and cremations cost 400 yuan to 600 yuan," Zhang said.
In the past
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"It brought about a severe problem for the environment," Zhang said.
In Beijing, the problem grew so serious they passed a new set of regulations banning improper pet disposal last year.
So, he said, cemeteries like Baifu not only play an important role in sanitation but offer a special space to remember pets.
However, not everyone supports the idea of pet cemeteries.
As burial land grows scarce and values skyrocket
Air Jordan Retro Shoes For Sale , debate has been waged over whether or not such services are driving up prices for normal burials.
In some extreme cases, the price of burial has led people to claim they "cannot afford to die", Zhang says.
He says he frequently hears others claim that "people should leave enough land resources for themselves, rather than use it on pets".
For those opposed to using a pet cemetery, the CASPA recommends cremation.
It is becoming commonplace for developed countries to have specialized funeral services for pets. CASPA said they believe China could be more open and tolerant towards pets and their cemeteries.
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