Treasury Secretary Janet Yellen discussed the systemic inequities still lurking in the U.S. economy and the work her department 'needs to do to narrow the racial wealth divide,' during remarks at an event honoring the late Dr. Martin Luther King, Jr.
J. Scott Applewhite/AP, FILE
"From Reconstruction, to Jim Crow, to the present day, our economy has never worked fairly for Black Americans -- or, really, for any American of color," the Treasury chief said during the Rev. Al Sharpton's National Action Network's annual breakfast honoring the life and legacy of King.
She said the Treasury has recently completed its first equity review,"looking across the department and asking: Where are our operations not as inclusive as they should be?"Yellen added that they have also hired the department's first-ever counselor on racial equity and sought to hire the"most diverse leadership team in Treasury's history.
-- many of which were heightened over the past year as the COVID-19 pandemic took a disproportionate toll on communities of color.
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