{"id":1525241,"date":"2022-06-21T15:19:12","date_gmt":"2022-06-21T19:19:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1525241"},"modified":"2022-06-21T15:19:14","modified_gmt":"2022-06-21T19:19:14","slug":"biden-taps-native-american-chief-to-serve-as-next-treasurer-of-the-united-states","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-taps-native-american-chief-to-serve-as-next-treasurer-of-the-united-states\/","title":{"rendered":"Biden Taps Native American Chief To Serve As Next Treasurer Of The United States"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-taps-native-american-chief-to-serve-as-next-treasurer-of-the-united-states%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1525241&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President <a href=\"http:\/\/dailywire.com\/topic\/biden-administration\">Joe Biden<\/a> announced on Tuesday that he would appoint Marilynn Malerba, chief of the <a href=\"http:\/\/dailywire.com\/topic\/native-americans\">Mohegan Tribe<\/a>, as the next <a href=\"http:\/\/dailywire.com\/topic\/department-of-the-treasury\">treasurer<\/a> of the United States.<\/p>\n<p>Malerba will serve alongside Treasury Secretary <a href=\"http:\/\/dailywire.com\/topic\/janet-yellen\">Janet Yellen<\/a> as she oversees the U.S. Mint, Fort Knox, and the Bureau of Engraving and Printing. She will also advise Yellen on \u201ccommunity development and public engagement\u201d and lead the newly created Office of Tribal and Native Affairs.<\/p>\n<p>The U.S. treasurer role has been vacant since January 2020, when Trump appointee Jovita Carranza departed to lead the Small Business Administration.<\/p>\n<p>Malerba, who is carrying out a lifetime appointment as chief of the Mohegan Tribe in Southeastern Connecticut, worked as a registered nurse before her current role as a member of the Treasury Tribal Advisory Committee, according to the <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2022\/06\/21\/president-biden-announces-intent-to-appoint-marilynn-malerba-as-treasurer-of-the-united-states\/\">White House<\/a>. She advises Yellen on the taxation of Native Americans.<\/p>\n<p>\u201cChief Malerba\u2019s appointment as Treasurer of the United States will also mean that for the first time in U.S. history, a Tribal leader and Native woman\u2019s signature will soon be seen on the nation\u2019s currency,\u201d according to a <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy0824\">Treasury Department<\/a> statement.<\/p>\n<p>\u201cI am deeply honored that Chief Malerba will serve as the nation\u2019s Treasurer and spearhead the department\u2019s new Office of Tribal and Native Affairs. This is an historic appointment,\u201d Yellen remarked. \u201cHer leadership and experience will deepen our commitment to help expand economic opportunities for all Tribal communities.\u201d<\/p>\n<p>After her confirmation in January 2021, Yellen <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy0003\">told staff members<\/a> at the Treasury Department that she intends to \u201caddress inequality, racism, and climate change.\u201d<\/p>\n<p>\u201cI know that many of you\u2026 see economic policy as a way to improve people\u2019s lives; you see the humanity beneath the data,\u201d she wrote. \u201cI cannot be sure about the future, but I expect that when economists look back at this period in American history, they\u2019ll conclude that perspective helped us leave behind a stronger, more prosperous country.\u201d<\/p>\n<p>More recently, however, Yellen and other top officials in the Biden administration have been forced to contend with high inflation and other economic bottlenecks. Earlier this month, the U.S. <a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">Bureau of Labor Statistics<\/a> announced that the Consumer Price Index (CPI) rose 8.6% between May 2021 and May 2022, meaning that <a href=\"https:\/\/www.dailywire.com\/news\/inflation-reaches-8-6-setting-new-four-decade-high\">inflation hit new four-decade record highs<\/a> and once again surpassed economists\u2019 expectations.<\/p>\n<p>Last week, the Dow Jones Industrial Average and the Nasdaq Composite fell 4.8%, while the S&#038;P 500 was down 5.8% \u2014 marking its <a href=\"https:\/\/www.dailywire.com\/news\/investment-banks-predict-how-much-more-stock-market-could-plummet\">worst week<\/a> since 2020, according to <a href=\"https:\/\/www.cnbc.com\/2022\/06\/16\/stock-market-news-futures-open-to-close.html\">CNBC<\/a>.<\/p>\n<p>Yellen acknowledged the economic woes while remaining <a href=\"https:\/\/www.dailywire.com\/news\/yellen-recession-not-inevitable-russias-war-to-blame-for-soaring-inflation\">as optimistic as possible<\/a> during a recent interview with ABC News host George Stephanopolous. \u201cI expect the economy to slow,\u201d Yellen explained. \u201cIt\u2019s been growing at a very rapid rate, as the economy, as the labor market, has recovered. We have reached full employment. It\u2019s natural now that we expect a transition to steady and stable growth, but I don\u2019t think a recession is at all inevitable.\u201d<\/p>\n<p>Nevertheless, Federal Reserve Governor Christopher Waller <a href=\"https:\/\/www.dailywire.com\/news\/expect-higher-unemployment-as-federal-reserve-tackles-inflation-warns-top-policymaker\">cautioned<\/a> on Saturday that efforts from the central bank to combat inflation would lead to higher unemployment, which could rise from 3.6% to 4% or 4.25%. Last week, the Federal Reserve <a href=\"https:\/\/www.dailywire.com\/news\/federal-reserve-takes-most-aggressive-action-to-fight-inflation-in-three-decades\">hiked interest rates<\/a> by 0.75% \u2014 the most aggressive move to combat inflation since 1994.<\/p>\n<p>\u201cIf the data comes in as I expect, I will support a similar-sized move at our July meeting,\u201d Waller explained. \u201cThe Fed is \u2018all in\u2019 on reestablishing price stability.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden announced on Tuesday that he would appoint Marilynn Malerba, chief of the Mohegan Tribe, as the next treasurer of the United States. Malerba will serve alongside Treasury Secretary Janet Yellen as she oversees the U.S. Mint, Fort Knox, and the Bureau of Engraving and Printing. She will also advise Yellen on \u201ccommunity &#8230;<\/p>\n","protected":false},"author":99,"featured_media":602082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1525241","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1525241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/99"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1525241"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1525241\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/602082"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1525241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1525241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1525241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}