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Fed's Yellen calls for more diversity in economics

FXStreet (Łódź) - Fed Chair Janet Yellen, who spoke on Thursday at the National Summit on Diversity in the Economics Profession in Washington didn't make comments on monetary policy in her opening remarks.

Yellen suggested that a greater number of women in economics could contribute to the profession with different views and approaches and that the Fed has been promoting this stance for some time now.

“Often, in the things economists study and the methods we use, diversity is a good thing,” Yellen said. “I believe decisions by the Federal Reserve Board and the Federal Open Market Committee are better because of the range of views and perspectives brought to the table by my fellow policymakers, and I have encouraged this approach to decision making at all levels and throughout the Fed system.”

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