Biden’s Treasury Adds Counselor to Address Alleged ‘Systemic Racism’ in Economy

Image Credits: Chip Somodevilla/Getty Images.

President Joe Biden’s Treasury Department announced it has created a new post to combat alleged racial inequality issues in banking and other financial services industries.

Treasury Secretary Janet Yellen said on Monday that Janis Bowdler, a former JPMorgan Chase executive is “part of a multi-pronged strategy by the Biden administration to deal with systemic racism found in many parts of the economy,” the Associated Press (AP) reported.

”Treasury must play a central role in ensuring that as our economy recovers from the pandemic, it recovers in a way that addresses the inequalities that existed long before anyone was infected with COVID-19,” Yellen said in a statement.

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