WASHINGTON Kirk Hinrich Authentic Jersey , Sept. 26 (Xinhua) -- U.S. Federal Reserve Chair Janet Yellen said on Tuesday that it's appropriate for the central bank to continue gradually tighten its monetary policy in view of the uncertainties around inflation.
"A gradual approach is particularly appropriate in light of subdued inflation and a low neutral real interest rate, which imply that the FOMC (Federal Open Market Committee) will have only limited scope to cut the federal funds rate should the economy be hit with an adverse shock," Yellen said at the annual meeting of the National Association for Business Economics.
She made the remarks when she referred to the policy implications amid the uncertainties around inflation and neutral interest rate.
She argued that faster monetary tightening could jeopardize economic expansion, while moving too slow could risk overheating the economy Kevin Huerter Authentic Jersey , as the job market continues strengthening.
"It would be imprudent to keep monetary policy on hold until inflation is back to 2 percent," said Yellen.
In July, the core personal consumption expenditure (PCE) index, Fed's favor inflation indicator Kent Bazemore Authentic Jersey , rose only 1.4 percent year on year, below Fed's 2 percent target and also lower than the 1.9 percent in January. The index has been running below the 2 percent target for years.
Yellen reiterated that the inflation will move up to the central bank's 2 percent target over the next few years, as the Fed continues to gradually tighten its monetary policy and the job market continues to strengthen.
But she noted that the outlook is uncertain due to the "inherent imprecision" in estimates of labor utilization, inflation expectations and other factors.
"As a result Josh Smith Authentic Jersey , we will need to carefully monitor the incoming data and, as warranted, adjust or assessments of the outlook and the appropriate stance of monetary policy," said Yellen.
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Many dream of lifting a golf or football trophies such as the Ryder Cup above their head but will never reach this goal. Even those who play football just on a Sunday enjoy receiving awards, even if it is just for a laugh. A prize giving event is usually a jovial affair and should be light hearted whether it is held at a social club or a high brow restaurant. Here Ersan Ilyasova Authentic Jersey , we’ve come up with a few ideas for some fun football trophies. The Player of the Year This will be for the member of the team who has stood out throughout the year with regards to efforts, skill and general play. The one who has gone out of their way to put some extra time or effort into the team. So one of the most special football trophies surely has to be a faux-marble bottomed, golden plastic statue of a man solidly kicking a ball. A trophy like this represents power, achievement and respect. Even if your trophy is not made out of the finest materials Dominique Wilkins Authentic Jersey , it will still be important and shiny and will look good in your trophy cabinet. The Dependable One You will find one of these players on almost every sports team. These are the people who are always willing to go the extra mile for the team. Although not one of the most prestigious awards, these people play a vital part in a team and need to be recognised for this. A life ring or Baywatch style life float could be a fun way to present this award. “I’ll be there, forever and always, I’m always here.“ As the theme tune goes Dikembe Mutombo Authentic Jersey , so why not stick with this theme. The Joker in the Pack It is always fun to award the person who has kept the team spirits up throughout the season. This is the person who’s got all the great banter - when you’re nine-nil down at half time, in the middle of a blizzard, with your best players suffering from hypothermia - this cheeky chappy will always come out with the one-liner that lifts everyone’s spirits. Even if you lose spectacularly. You could carry the theme on with a joke trophy, perhaps with a picture of One Direction. The more embarrassing and horrible the trophy DeAndre' Bembry Authentic Jersey , the funnier it will be. Perfect for your joker in the pack.
MELBOURNE, Oct. 6 (Xinhua) -Australia will need 22 million more sheep to keep up with the demand for lamb, one of the country's foremost banks has warned.
With the demand for lamb in Asia and the Middle East growing, Australia's ability to meet demands has been cast into doubt.
Twenty-two million more sheep were needed by 2040 to keep up with demand in the wake of alarming livestock data released in September, Mark Bennett, head of agribusiness for the Australia and New Zealand Banking Group, said.
Meat and Livestock Australia revealed last month that a nationwide drought had taken a heavy toll on Australia's sheep population.
Between 2013 and 2015, the number of sheep in West Australia shrank by 20 percent in the state's southwest and 31-41 percent in the north and east.
In the same time period, lamb production in New South Wales and Queensland declined by 41 percent.
Bennett said he believed the necessary growth could be achieved if existing sheep farmers partnered with outside investors.
"Really there's a lot of livestock infrastructure that's been lost to the landscape over the last 20 years to 30 years, like fencing, yards and sheds," Bennett told the Australian Broadcasting Corporation (ABC) on Thursday.