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U.S. Treasury Secretary Yellen warns of lasting impact on Blacks from coronavirus crisis

by Reuters
Friday, 5 February 2021 20:37 GMT

U.S. Treasury Secretary Janet Yellen speaks during a virtual roundtable with participants from local Black Chambers Of Commerce from across the country to discuss the American Rescue Plan at the White House in Washington, U.S., February 5, 2021. REUTERS/Kevin Lamarque

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'We've seen early data that suggest Black workers will be the last rehired when the economy opens back up,' Yellen said

WASHINGTON, Feb 5 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Friday that economic crises hit people of color harder and longer, and the current crisis caused by the coronavirus pandemic would have a lasting impact on Black Americans unless action was taken.

"We've seen early data that suggest Black workers will be the last rehired when the economy opens back up," Yellen said in a virtual meeting she and Vice President Kamala Harris held with members of Black Chambers of Commerce.

(Reporting by Andrea Shalal; Writing by Mohammad Zargham; Editing by Leslie Adler)

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