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WASHINGTON, 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 Soldes Nike Air Max 95 Femme Rouge Rose Pas Cher , 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 Nike Air Max 95 Blanche En ligne Pas Cher , 67, took the oath of office to lead the Federal Reserve System on Feb. 3, succeeding Ben Bernanke Nike Air Max DLX 2019 Femme Grise Rose Pas Cher , 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 Boutique Nike Air Max DLX 2019 Homme Triple Black Pas Cher ," 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 max 120 pas cher , 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 Nike just do it pas cher , 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.


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