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  July 12, 2019 12:04 PM EEST

  WASHINGTON， Nov. 17 (Xinhua) -- U.S. Federal Reserve chair Janet Yellen said on Thursday that it will be appropriate for the central bank to hike interest rate relatively soon， and warned of the risks of keeping rate low for too long.

  "The (Federal Open Market) Committee judged that the case for an increase in the target range had continued to strengthen and that such an increase could well become appropriate relatively soon if incoming data provide some further evidence of continued progress toward the Committee's objectives，" said Yellen.

  In her testimony before the Joint Economic Committee of the U.S. Congress， Yellen also warned of the risks of keeping the interest rate for too long.

  She said that if the central bank delays rate hikes for too long， it could force the Fed to tighten rates relatively abruptly and could encourage excessive risk-taking and ultimately undermine financial stability.

  The Fed chair gave a relatively upbeat estimate for the U.S. economic outlook， saying that economic growth is expected to "continue at a moderate pace sufficient to generate some further strengthening in labor market conditions and a return of inflation to the Committee's 2 percent objective over the next couple of years."

  She also stressed that the rate hikes trajectory will remain gradual in view of the moderate economic growth. Yellen did not give comments on the recent U.S. presidential result.

  The Fed will hold its next policy meeting， also the final of the year， on Dec. 13-14. Investors widely expected the Fed would move the rates at the December meeting.

  LUSAKA， Nov. 11 (Xinhua) -- Zambia's parliament on Friday unanimously ratified the Paris Agreement， as officials highlighted the country's commitment on climate change issues.

  Zambian Vice-President Inonge Wina said the government was committed to addressing the effects of climate change， adding that the benefits of the Paris Agreement included technological transfer and capacity building.

  "We need to sensitize our communities on the need to address climate change through tree planting and sustainable protection of the environment，" she said when the motion was moved in parliament.

  She said if left unchecked， climate change could cause harm to the country's economic development.

  On September 20， Zambian President Edgar Lungu appended Zambia's signature to the Paris Agreement during the 71st Session of the UN General Assembly in New York.

  The overall objective of the agreement is to strengthen the global response to the threat of climate change by keeping a global temperature rise this century well below 2 degrees Celsius.

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