Janet Yellen, President-elect Joe Biden’s nominee for treasury secretary, gives remarks Tuesday in Wilmington, Del., as Biden and other members of his economic team look on. If confirmed, Yellen would be the first female treasury secretary in history.

WILMINGTON, DELAWARE – DECEMBER 01: U.S. Secretary of the Treasury nominee Janet Yellen speaks during an event to name President-elect Joe Biden’s economic team at the Queen Theater on December 1, 2020 in Wilmington, Delaware. Biden is nominating and appointing key positions to the Treasury Department, Office of Management and Budget, and the Council of Economic Advisers. (Photo by Alex Wong/Getty Images)