Rachel Reeves, Britain's first female chancellor, turns to Janet Yellen for inspiration
After 14 years in the shadows, Britain's Labour Party is back in power. And the country's first female Chancellor of the Exchequer, Rachel Reeves, faces the daunting task of restoring Britain's economic growth prospects and ending a decade and a half of stagnation.For inspiration, she turned to another glass ceiling-shattering woman on the other side of the Atlantic: U.S. Treasury Secretary Janet L. Yellen.Ms Reeves was appointed chancellor on Friday after Labour won a majority in Thursday’s general election. Now in charge of Britain’s budget, she is expected to pursue an economic agenda influenced by Ms Yellen, whose policies have encouraged job creation and a boom in US manufacturing investment.Ms. Yellen’s “modern supply-side economics” aims to boost economic growth by incre...