WASHINGTON Wholesale Udonis Haslem Jersey , Jan. 23 (Xinhua) -- U.S. Federal Reserve Governor nominee Marvin Goodfriend said on Tuesday that the current Fed policy is ""more or less on the right path,"" suggesting that he might support the current pace of gradual monetary normalization.
Goodfriend made the remarks at his nomination hearing at the Senate Banking, Housing and Urban Affairs Committee.
Goodfriend, an economics professor at Carnegie Mellon University Wholesale Justise Winslow Jersey , has warned of the risks of rising inflation although the unemployment rate remained at high levels.
On Tuesday, he defended his view on inflation, saying that ""the essence of Federal Reserve's position to stimulate the economy was based on years of generated credibility for anchoring long-run inflation... to drive unemployment down.""
Goodfriend expected inflation to rise to the central bank's 2-percent target ""in a year or so.""
Personal consumption expenditure price index, an inflation gauge preferred by the Fed Wholesale James Johnson Jersey , rose 1.8 percent in November last year, higher than the 1.6-percent growth in the previous month.
He expressed regret for calling the Fed's dual unemployment and inflation goals ""incoherent,"" saying he supported the dual mandate.
In November last year, President Donald Trump nominated Goodfriend for the post of the governor of the Federal Reserve Board.
Before his career as economics professor Wholesale Edrice Adebayo Jersey , Goodfriend was senior economic advisor at the Reagan administration and director of research at the Federal Reserve Bank of Richmond.
BUENOS AIRES， May 6 (Xinhua) -- Argentina's President， Mauricio Macri， predicted on Friday that the 3rd Youth Olympic Games 2018， which will be held in the capital city， will be "a great party" for the South American nation.
In 2018， young people from 207 countries will arrive and "every one of them will return home saying 'I got to know a marvellous place with unique people' and this place will be our country，" said the president.
Macri spoke during a ceremony that was held to lay the foundation stone for the Olympic Village in the City Park， in Buenos Aires' southern Villa Soldati neighborhood.
Buenos Aires will host the Youth Olympic Games， following on from the 2nd edition that was held in Nanjing， China， in 2014.
"Soon (Youth Olympics) 2018 will be here and it will be a great party of Argentina，" predicted the president in his speech alongside the president of the Argentine Olympic Committee (COA)， Gerardo Werthein， and the Mayor of Buenos Aires， Horacio Rodriguez Larreta.
Macri， who was also head of soccer club Boca Juniors (1995-2007)， said the construction works will consist of "recycled materials"， which represents "a commitment to care for the environment."
Hosting the Youth Olympics is "a great opportunity to tell the world 'here we are， the Argentinians，'" according to the president.
"This will bring works and it will generate development. Also， the (recycled) sports facilities represent education，" said Macri.
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