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WASHINGTON Cheap Men's Nike Air Force 1 Low Just Do It Pack Orange White , 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 cheap nike air max 93 , 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 cheap nike air max plus tn ultra , 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 cheap nike just do it air force 1 ," 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 cheap nike just do it air max 1 , 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."

Five Ways Consolidating Student Loans Can Save You Money

Posted by nick_niesen on October 29th, 2010


Consolidating Student Loans Can Boost your Credit Score


Most students take out numerous loans for college cheap nike just do it shoes , each with its own interest rate and its own monthly amount. The plethora of different loan sources is a great benefit in terms of paying for college, but when it comes to credit rating, this long list of outstanding loans can put a serious damper on your overall score.


By consolidating student loans, your credit report will show one combined loan, usually with a much lower overall payment cheap nike air max animal pack , which equates to a more favorable credit rating. By consolidating student loans, you most likely also benefit from a much lower payment, thus lowering your debt to income ratio.


Consolidating Student Loans Reduces Debt to Income Ratio and Increases Buying Power


Having a low debt to income ratio, or the monthly amount owed compared to the amount earned, makes an incredible impact on the amount of money you'll be able to borrow and afford for a first home or reliable transportation.


The total amount of household debt in the US last year was more than 100% of disposable income. Rising education costs have created a vicious cycle for today's graduating students. As your debt to income ratio rises cheap nike air vapormax , so do the interest rates of each new loan. Keeping this ratio low by reducing your monthly bills can literally save you tens of thousands of dollars over a lifetime.


Consolidating Student Loans Reduces Dependence on Credit Cards