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WASHINGTON http://www.wholesaleairmaxnikeshoes.com/ , Aug. 7 (Xinhua) -- Federal Reserve Bank of St. LouisPresident James Bullard said on Monday that it's appropriate forthe Fed to keep the interest rate unchanged in near term in view ofthe low inflation.
""The current level of the policy rate is appropriate givencurrent macroeconomic data,"" said Bullard in a speech at aconference held by America's Cotton Marketing Cooperatives inTennessee on Monday.
He said the U.S. economy has been stuck in the 2-percent growthregime despite the improved growth in the second quarter.
""Second-quarter real GDP growth showed some improvement from thefirst quarter, but not enough to move the U.S. economy away from aregime characterized by two percent trend growth,"" saidBullard.
He expressed his concerns about the recent low inflation data.""Recent inflation data have surprised to the downside and call intoquestion the idea that U.S. inflation is reliably returning towardtarget,"" said Bullard.
The Fed official also doubted the expectation that the tighterjob market could push up the inflation substantially. ""Even if theU.S. unemployment rate declines substantially further cheap nike air max mens , the effectson U.S. inflation are likely to be small,"" said Bullard.
Fed Governor Lael Brainard also expressed her concerns about thelow inflation in recent months, and said that she would closelymonitor inflation conditions before making decision on furtherinterest rate hikes.
However, some other Fed officials downplayed the risks of lowinflation and supported the central bank to continue raise interestrates gradually. Enditem
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ABUJA, Aug. 8 (Xinhua) -- A Chinese national abducted in Nigeria's northwestern state of Kaduna on Monday has been rescued by security operatives cheap nike air max womens , less than 24 hours after he was held by gunmen, local police said on Tuesday.
The Chinese is an engineering worker of Chinese construction firm CGCOC Group with the surname Zhang.
Confirming his rescue, Yakubu Sabo, a police spokesman in Kaduna, said one of the suspected abductors had been arrested and already identified as Paul Ochalla.
CGCOC also confirmed the incident to Xinhua on Tuesday. The company said it had trained staff to deal with robbery as precaution.
Zhang was on his way to a site cheap air max mens , together with a local driver, when the gunmen abducted him in Zaria, a major city in Kaduna State, according to police.
A preliminary investigation by local police had revealed that the suspected kidnapper once worked on the site where the Chinese worker headed to before his abduction.
The police said the suspect was dismissed last year from the site due to ""his dubious acts.""
Further investigation into the kidnap was underway, the police added.
Abduction cheap air max womens , usually for ransom, is not uncommon in Nigeria.
China marks 70th anniversary of first autonomous region
China to establish 1st Mars simulation base in Qinghai
Celebration of 50th anniv. of ASEAN's founding held in Philippines
People mark national Fitness Day around China
People mark national Fitness Day around China
Aerial view of Gula Town in S China
Qiandao Lake: Home to 114 known fish species
Delicious in-flight meal for BRICS Summit
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