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Growth of women in economy has clear benefits: Fed's Yellen [March 26, 2014] (Reuters) — Janet Yellen, the first woman to lead the U.S. Federal Reserve, said on Tuesday the benefits of the growing participation of women in the economy are "clear and substantial" as the country continues to recover from recession. |
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Yellen, who took the reins at the U.S. central
bank last month, did not comment on monetary policy or the
economic outlook in prepared remarks to a Women's History Month
reception at the U.S. Capitol. Herself one of the most powerful policymakers globally today,
Yellen said the success of the United States since the 1970s,
including the sustained growth of family incomes, coincided with
the fuller contribution of women in the economy. "(T)he benefits of greater participation for women, it seems to
me, are clear and substantial," she said. "As we continue to
make progress in recovering from the Great Recession, our
country is going to need the best efforts, ideas and talent it
can muster to succeed in an increasingly competitive global
economy." (Reporting by Jonathan Spicer; editing by Andrea Ricci) [© 2014 Thomson Reuters. All rights reserved.] Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
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