The US Treasury Department has always been associated with men. Yet, in 2021 something exceptional happened: in the midst of a pandemic and financial chaos, for the first time in US history, a woman was appointed Secretary of the Treasury. Yellen, class of ’46, is an economist, Brown graduate with a PhD at Yale, who then became a professor of Business and Economics at the University of California in the 80s.
In a field that is mostly led by men, Yellen’s appointment as Secretary of the Treasury, is an extremely important signal to young women who are passionate about finance and business. The new US administration, has shown that there is an active place for women at the reins of the nation,
that women as well can do it. Janet Yellen, alongside with Kamala Harris, represents a beacon for women with outstanding capacities that deserve to be recognised.
Moreover, she has been a major advocate for women and minorities’ visibility through her Equity Action Plan which promotes equality and growth for disadvantaged businesses and minorities. She is the first Secretary of the Treasury to show a major interest not only about women in business, but also in regards of women of colour in business. For the first time in US history, there will be equal possibilities for women who want to start a business. The plan gives access to credits and investments for small businesses and supports businesses owned by socially and economically disadvantaged individuals.
Furthermore, the Treasury created also the Office of diversity, inclusion and accessibility, which aims to support Treasury's segments including employees of colour, women, people with disabilities and LGBTQIA+ members.
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