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WASHINGTON Authentic Shaquill Griffin Jersey , Sept. 24 (Xinhua) -- The Federal Reserve should wait until it has a lot of confidence that U.S. economic recovery can be sustained before raising interest rates, a senior U.S. Fed official said Wednesday.


"We should be exceptionally patient in adjusting the stance of U.S monetary policy -- even to the point of allowing a modest overshooting of our inflation target to appropriately balance the risks to our policy objectives," Federal Reserve Bank of Chicago President Charles Evans said during a conference on the U.S. labor market slack held by the Peterson Institute of International Economics, a Washington-D.C. based think tank.


"Before the Fed raise rates, we should have a great deal of confidence that we won't be forced to backtrack on our moves and face another painful period at the zero lower bound," Evans said Authentic Ethan Pocic Jersey , referring to the fact that U.S. benchmark short-term interest rates have been near zero since December 2008.


"Past experience with the zero lower bound also counsels patience," the senior Fed official said, citing the examples of the Great Depression of the 1930s in the United States and the past 20 years of stagnation in Japan.


"I believe that the biggest risk we face today is prematurely engineering restrictive monetary conditions," Evans said, adding that the U.S. economy is currently "undershooting both our employment and inflation goals."


"I am very uncomfortable with calls to raise our policy rate sooner than later. I favor delaying liftoff until I am more certain that we have sufficient momentum in place toward our policy goals," Evans said.


At its latest monetary policy meeting last week Authentic Kam Chancellor Jersey , the Fed decided to continue trimming its monthly asset purchase program by 10 billion U.S. dollars, on track to halt it completely in October. It also reiterated that the central bank expected to keep interest rates near zero for a "considerable time." Most market participants expect the Fed to wait until mid-2015 before raising interest rates.


LISBON, Jan. 23 (Xinhua) -- Bars in popular night-time areas of downtown Lisbon as of Friday will have to close by 2 a.m. on weekdays and by 3 a.m. on weekends to reduce noise levels for local residents, Lisbon City Council said on its website.


The areas affected by the new rules are the neighbourhoods of Cais do Sodre, Bica and Santos, whose streets are lined with bars that were previously allowed to stay open until 4 am every night. This measure was successfully put in place for bars in the lively Bairro Alto neighbourhood in 2008.


"With a view to establishing harmony between people who live in the indicated areas and people who visit them to have fun Authentic Doug Baldwin Jersey , the Lisbon Municipal Council decided, as it did for Bairro Alto in 2008, to impose restrictions on opening house of the commercial and service establishments," the council said in a statement.


New rules will also affect opening hours for convenience stores in the areas, which are now required to close by 10 p.m. Restaurants, cafes and snack bars have to close by 2 a.m. every night and nightclubs Authentic Earl Thomas III Jersey , which have a license as a dance venue, can stay open until 4 a.m.


Additionally the city council has imposed restrictions on the sale of alcohol that will be consumed outside the establishments where it is sold due to the effect on residents of people gathered in large groups drinking in the street.


"The establishments in the indicated areas can only sell alcoholic drinks for consumption outside the establishments until 1 a.m. every day of the week, if their opening hours allow for it," the council said.


Jack Ma, executive chairman of Chinese e-commerce giant Alibaba Group Holdings, on Monday assumed the role of president at a newly formed social enterprise called "Hupan University" in Hangzhou Authentic 12th Fan Jersey , East China's Zhejiang province.


Eight leading scholars and entrepreneurs, including Qian Yingyi, Dean of the School of Economics and Management, Tsinghua University, and Feng Lun, Chairman of Beijing-based Vantone Group Authentic Shaquem Griffin Jersey , will act as members of the organization's council.


The enterprise will offer training programs and focus on fostering a new generation of business leaders "who will maintain the bottom line and work for the betterment of society," Sina Technology reported.


It will also adhere to a non-profit and public goods structure in its business operations.


A website, hupan, has also been opened and claims to "educate start-up entrepreneurs with real entrepreneurial spirit."