Economics
Yellen Says U.S. Minorities Are Being Driven Away From Economics
- The former Fed chair says the focus is what to do about it
- Economist says he was called ‘boy’ at previous AEA meeting
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The U.S. economics profession has failed to attract talented black Americans and other racial minorities, and often created a hostile work environment for those who do enter the field, according to former Federal Reserve Chair Janet Yellen.
“Our focus is not on whether there is a race problem in economics,” Yellen told the American Economic Association meeting in San Diego on Friday. “That’s been abundantly documented.” Data show “minorities are significantly under represented. They reveal little or no progress in recent decades,” she told the annual summit of economists.