What happens when women run the economy? We’re about to find out – Reuters

SourceReuters
SectorEconomy
CountryUAE

WASHINGTON (Reuters) - Women now hold many of the jobs controlling the world’s largest economy - and they’re trying to fix it.FILE PHOTO: U.S. Treasury Secretary Janet Yellen, the former Federal Reserve chair, holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. REUTERS/Jonathan Ernst/File PhotoTreasury Secretary Janet Yellen, Commerce Secretary Gina Raimondo and trade czar Katherine Tai hold top jobs in U.S.

President Joe Biden’s administration and many of his economic advisers also are women, as are nearly 48% of his confirmed cabinet-level officials.This sea change may already be affecting economic policy - a new $2.3 trillion spending plan introduced by Biden last week includes $400 billion to fund the “care economy,” supporting home- and community-based jobs taking care of kids and seniors, work normally done by women that has mostly gone unacknowledged in years past.The plan also has hundreds of billions of dollars more to fix racial and...read more...