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Fed Gender Embarrassment Raises Pressure to Name Yellen

Wim Duisenberg, then chief of the Dutch central bank, identified Susan Phillips by her gender at a dinner with top international policy makers in Basel, Switzerland -- much to her surprise.

“He stood up to greet everybody and he said ‘Welcome to everyone -- and Ms. Phillips,’” said Phillips, who served as a Federal Reserve governor from 1991 to 1998 and was attending meetings with former Fed Chairman Alan Greenspan. “I nearly fell over; it was because I was the only woman in the room.”