Yellen praises contributions of women to the economy of the United States
March 27, 2014, 12:01 am TWN
WASHINGTON--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.