The treasurer’s duties include oversight of the U.S. Mint, serving as a liaison with the Federal Reserve and overseeing Treasury’s Office of Consumer Policy. The treasurer’s signature appears on U.S. currency.
“It is especially important that our Native voices are respected,” Malerba said in a statement. “This appointment underscores this Administration’s commitment to doing just that. I am excited to serve our communities as Treasurer and for the work ahead.”
“Chief Malerba will expand our unique relationship with Tribal nations, continuing our joint efforts to support the development of Tribal economies and economic opportunities for Tribal citizens,” Yellen said. For instance, 59% of Rosebud Sioux Tribal households live in poverty, according to U.S. government estimates. Native communities have also suffered the brunt of waves of COVID-19-related deaths and drug overdoses.
He added that “I think it’s true in certain western states that Native Americans are an important voting group.”
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