Yellen Hints at Redistributing Wealth from Majorities to Minorities

Treasury’s Yellen sees ‘much more work’ ahead to narrow racial wealth divide

2022-01-17 10:08:00



WASHINGTON, Jan 17 (Reuters) – The U.S. Treasury took key steps over the past year to address longstanding economic injustices facing Americans of color, but still has “much more work” ahead to narrow the racial wealth divide, Treasury Secretary Janet Yellen said on Monday.

Yellen told a meeting hosted by Rev. Al Sharpton and his National Action Network rights group that Treasury was working to right economic wrongs called out by slain civil rights leader Martin Luther King Jr in his “I Have a Dream” speech in 1963.

“He knew that economic injustice was bound up in the larger injustice he fought against. From Reconstruction, to Jim Crow, to the present day, our…


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