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.
