- Posted March 28, 2014
- Tweet This | Share on Facebook
Yellen praises women's contributions to economy
By Martin Crutsinger
AP Economics Writer
WASHINGTON (AP) -- The first woman to head the Federal Reserve in its 100-year history says America's economic success over the past century has been due in large part to greater contributions by women.
Janet Yellen said Tuesday that women's increasing participation in the workforce, particularly after 1970, has been crucial in sustaining the growth in family incomes.
"I think our economic success has been due in substantial part to the fuller participation and contribution of women to the economy," Yellen said in remarks at a Capitol reception honoring Women's History Month.
"Making fuller use of the talents and efforts of women in the workplace has made us more productive and prosperous," Yellen said.
She said that women had made great progress in many occupations and professions but lag in others.
"Women still remain underrepresented at the highest levels in academia, in government and in business," she said, noting that there had been only a "gradual increase" in the number of women in her own economics profession.
She said economists are doing research to try to determine why more women aren't rising to higher levels in some fields.
Published: Fri, Mar 28, 2014
headlines Oakland County
headlines National
- Civil legal aid lawyers are often the last line of defense. Why are there so few of them?
- Bankruptcy law firm files for Chapter 11 after losing advertising dispute
- Dentons and Boies Schiller face $300M racketeering suit after client loses international arbitration
- Mother’s Day and the changing face of family dynamics and custody arrangements
- Federal judge reprimanded for handcuffing teen spectator in scared-straight approach
- Lawyer whose firm sued Boeing finds emergency slide that fell from company’s plane near his home