Treasury Secretary Janet Yellen said in a Monday speech marking Martin Luther King Jr. Day that the U.S. economy "has never worked fairly for Black Americans — or, really, for any American of color," reports The Associated Press.
Referencing a portion of King's "I Have a Dream" speech that said "America has defaulted on this promissory note insofar as her citizens of color are concerned," Yellen said King "knew it was a more than a metaphor." King "knew that economic injustice was bound up in the larger injustice he fought against," she continued. "From Reconstruction, to Jim Crow, to the present day, our economy has never worked fairly" for people of color.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Top Russian general killed in Moscow blastSpeed Read A remote-triggered bomb killed Lt. Gen. Igor Kirillov, the head of Russia's Nuclear, Biological and Chemical Defense
-
Why Assad fell so fastThe Explainer The newly liberated Syria is in an incredibly precarious position, but it's too soon to succumb to defeatist gloom
-
NATO chief urges Europe to arm against RussiaSpeed Read Mark Rutte said Putin wants to 'wipe Ukraine off the map' and might come for other parts of Europe next
-
New Syria government takes charge, urging 'stability'Speed Read The rebel forces that ousted Syrian leader Bashar al-Assad announced an interim government
-
Romania's election rerunThe Explainer Shock result of presidential election has been annulled following allegations of Russian interference
-
Russia's shadow war in EuropeTalking Point Steering clear of open conflict, Moscow is slowly ratcheting up the pressure on Nato rivals to see what it can get away with.
-
South Korea roiled by short-lived martial lawSpeed Read President Yoon Suk Yeol's imposition of martial law was a 'clear violation of the constitution,' said the opposition parties who have moved to impeach him
-
Syrian rebels seize Aleppo in surprise offensiveSpeed Read The rebels made gains against President Bashar al-Assad’s forces and reignited Syria's 13-year-old civil war
