• A big step forward for women's leadership

    President Obama nominates the first woman to lead the Federal Reserve.

    OFA supporters are working to narrow the gender gap in leadership in this country. Currently only 14% of Fortune 500 companies are led by female CEOs, and nearly a quarter of Fortune 500 companies have no female executives at all.

    Yesterday, we witnessed an important step forward for women's leadership. President Obama nominated Janet Yellen to be the next Chairman of the Federal Reserve. If approved by the Senate, Yellen will be the first woman to lead a major central bank.

    Yellen is an accomplished and experienced economist who currently serves as the Fed's Vice Chair. She was raised in Brooklyn, New York, and studied economics at Brown University. Yellen taught at the Haas School of Business at the University of Berkeley before leading President Clinton’s Council of Economic Advisers in 1997. She is known for focusing on lowering unemployment rates and believes that regulation of markets is essential to prevent abuses of power.

    Here is what President Obama had to say about Yellen's qualifications:

    She’s committed to increasing employment, and she understands the human costs when Americans can’t find a job. She has said before, “These are not just statistics to me. The toll is simply terrible on the mental and physical health of workers, on their marriages, on their children.” So Janet understands this. And America’s workers and their families will have a champion in Janet Yellen.

    Yellen is an exciting addition to the leadership in Washington. If you are as excited about this important step forward, join the movement and Stand with Women.

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