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Powell says better child care policies might lift women in workforce

In testimony to the US Congress, the Fed chief made it clear that the labour market remained far from healed and the pandemic has disproportionately hurt women and minorities

February 25, 2021 / 12:37 PM IST
Powell says better child care policies might lift women in workforce

Jeanna Smialek Jerome Powell, the Federal Reserve chair, suggested Wednesday that improved child care support policies from the government might help pull more women into the labour market. The Fed chief studiously avoided commenting on specific government policy proposals during three hours of wide-ranging testimony before the House Financial Services Committee. But he did acknowledge, in response to a question, that enabling better options for affordable child-care is an “area worth looking at” for Congress. “Our peers, our competitors, advanced economy democracies,...

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