The White House announcement names the Mexican-American, as the link with the Federal Reserve and adviser to Treasury Department Secretary Steven Munchin.

Born in Illinois and being a first generation of Mexican immigrants, Jovita Carranza served as Deputy Administrator in the US Small Business Administration between December 2006 and January 2009 during the administration of President George W. Bush and was confirmed by unanimity in the Senate of the United States. Her work during those three years included oversight of more than 80 offices nationwide and a portfolio of direct business loans that added up to $ 80 billion.

Carranza began her career as President of Operations for Latin America and the Caribbean at the United Parcel Service (UPS) in the mid-1970s, where she started loading boxes in night shifts, and climbed to become vice President of domestic operations and president of international operations, being the most important Latina in the history of UPS.

She earned her MBA from the University of Miami and had a financial and administrative training at the INSEAD Professional School in Paris, at the University of Michigan and at the University of Chicago.

Currently, Jovita Carranza is the founder and president of The JCR Group, a consulting firm that works with corporations and NGOs on business development and management issues. She has also served on the board of several non-profit organizations such as the National Center for Family Literacy and United Way.

Carranza also serves as a lecturer, columnist and commentator on political and economic issues, with several publications and academic participation at Johns Hopkins University in Washington.

Carranza has received a number of awards for her performance, including Woman of the Year from Hispanic Business Magazine in 2004, a recognition for her contribution to the Hispanic community by The Latino Coalition Leadership in Washington in 2008, the distinction of American Association of University Women in 2008, Honorary Alumna from Alverno College and the Albert Schweitzer Leadership Award from the Hugh O'Brian Youth Leadership.

Her new position within the Trump administration will include advising the Treasury Secretary on matters of community development and public participation, as well as oversight of the U.S. Bureau of Engraving and Printing responsible for the production of coins and banknotes.

The announcement of the White House follows the confirmation of Alex Acosta as Secretary of Labor, thus adding two Latinos inside Trump's cabinet.