The Fed trimmed its monthly purchases of Tre

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CANBERRA, July 15 (Xinhua) -- Australia's Olympic chief has backed Australian athletes to double the nation's medal tally from the 2012 London Games and finish top five in the medal count in Brazil.

Kitty Chiller, former pentathlete and Olympic chef de mission for the 410-strong Australian squad to head to Rio, said she expects Australia to double its effort from London, which was its worst Olympics since 1992.

In London, Australia finished eighth on the medal tally with eight gold medals. Chiller thinks Australia has the firepower to double that in Rio, which could catapult Australia into the top five.

"We will need 15, maybe 16 gold medals to get in that top five, and probably mid-40s in overall medals," Chiller told News Corp on Friday.

"That's double the gold medals we won in London. For any country to double their number of golds in one quad is a huge ask. I genuinely believe we can do it."

It might seem far-fetched, however sports statistics firm Gracenote believes Chiller's assessment isn't far off; its "Virtual Medal Tally" has Australia finishing fifth on the table, with 17 gold medals, 13 silver medal and 13 bronze medals, for a total of 43.

Chiller said the preparation put in by the athletes was world class, and said the training regimes would pay off once the events begin on Aug. 6.

"The signs are very encouraging across many disciplines. That is the key. We need more sports - more disciplines - winning medals," Chiller said.

"Our rowers, everyone was there at the last world cup in Poland, five medals, two gold. Our track cyclists dominated the world championships as well, so the signs are there across multiple sports.

"The swimmers currently have eight world No.1 rankings, the sailors are regularly on the podium and have been doing that since London."

She said the rugby sevens - a new event for this Olympics - was a medal chance for both the men's and women's teams, while hockey, water polo, basketball and soccer were all events in which Australia could clinch a medal.

Chiller heads to Rio on Friday to make the final preparations ahead of the athlete arrivals which begin on July 25. Events at the Games begin on Aug. 6, with the opening ceremony set to take place on Aug. 5.

WASHINGTON Discount Nike React Element 87 Womens , 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 Discount Nike React Element 87 , saying that she served on the Fed policy-setting committee as the bank formulated its current policy strategy and she strongly supported that strategy.

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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 Cheap Nike React Element 87 Green , 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," Yellen indicated steady pullback in Fed stimulus Cheap Nike React Element 87 Red , 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 React Element 87 Blue , 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."

BEIJING Cheap Nike React Element 87 White , Dec. 23 (Xinhua) -- The priorities set out by Chinese leaders at a key economic meeting have prompted strong interest among foreign media organizations.

The Central Economic Work Conference, which was held here from Friday to Monday, reviewed China's economic performance in 2015 and mapped out plans for 2016.

According to an official statement released after the meeting, the government will make fiscal policy more forceful and monetary policy more flexible to keep growth within a proper range in 2016 Cheap Nike React Element 87 Black , with an emphasis on structural reforms.

The Wall Street Journal, the most-subscribed financial newspaper in the United States, ran a front-page story Tuesday under the headline "China Unveils Economic Blueprint for 2016."

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