Saturday, April 13, 2013

When will the Federal Reserve be led by a woman?

Link to article
http://economy.money.cnn.com/2013/04/04/federal-reserve-ed-by-a-woman/

Short article about the women that are in authoritative positions in central banking systems and why this is not a more common phenomena. Do you think there are barriers that make it harder for women to be leaders of central banks? If so, what would they be? Do you think having more women in central bank positions would have any impact (positive or negative) on the way those banks run? I personally feel that as long as someone is qualified to do their job, they should get the position and I certainly never considered banking a masculine profession, but hey you learn something new everyday.

2 comments:

  1. The barriers that make it harder for a woman to be the leader of a central bank are the same things that keep an income gap between genders, and so on. I feel that having more women in a central bank positions would positively affect the central bank. If the assumption of the article, that women have not played a central role in banking thus far in history, is correct, then the leadership of men allowed a financial crisis. Maybe it is time for a changing of the guard.

    ReplyDelete
  2. Excellent point Alex. Having more women in such positions might bring new ideas to the field of banking, and Yellen assuming Federal Reserve Chair could be the first step if she is successful. I see no reason why a woman wouldnt be able to do the job as well as or better than a man, I just think that until now they haven't been given the chance to prove it.

    ReplyDelete