Exclusive-U.S. Treasury names former JP Morgan executive as racial equity czar By Reuters

© Reuters. FILE PHOTO: The U.S. Treasury constructing is seen in Washington, September 29, 2008. REUTERS/Jim Bourg/File Picture

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen has named Janis Bowdler, a Latina activist and former head of the philanthropic arm of JP Morgan Chase (NYSE:), because the first-ever counselor for racial fairness on the Treasury Division, a Treasury official stated on Monday.

The transfer comes after a racial fairness evaluation at Treasury through the first 200 days of the Biden administration confirmed the necessity for a champion to go financial coverage initiatives to advance racial fairness, the official stated.

Bowdler can even work to arrange an exterior racial fairness advisory committee at Treasury, together with teachers, researchers, group activists and advocates.

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