Wonkbook: Janet Yellen has a cure for the economy that has nothing to do with interest rates

By Danielle Paquette Federal Reserve Chair Janet L. Yellen … | Sponsored by UnitedHealth Group
 
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Federal Reserve Chair Janet L. Yellen (Joshua Roberts/Reuters) By Danielle Paquette Federal Reserve Chair Janet L. Yellen has prescribed an unusual remedy for the United States’ aging, low-growth economy: harness the under-tapped pool of female talent. Yellen, the first woman to run the country’s central bank, said the lack of family-friendly work policies stifles women’s participation in the labor force and ultimately stalls growth. “A number of factors appear to be holding women back,” she said last week at a conference celebrating the admission of women to Brown University more than a century ago, “including the difficulty women currently have in trying to combine their careers with other aspects of their lives, including caregiving.” The remarks broke the norm for a leader who typically sticks to monetary policy. Read the rest on Wonkblog.

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