President-elect Joe Biden formally introduced his picks for his economic policy team, including Janet Yellen for treasury secretary, calling the group “groundbreaking” and “tested and experienced” and promising that they will help him build an economy “that works for all Americans, not just some”.

The group includes Yellen, who if confirmed would be the first woman to serve as treasury secretary; Neera Tanden, as his choice to lead his Office of Management and Budget; Cecilia Rouse as chair of the Council of Economic Advisers; Adewale “Wally” Adeyemo as deputy treasury secretary; and Jared Bernstein and Heather Boushey as members of the White House Council of Economic Advisers.

It should be mentioned that Yellen previously served as chair of the Federal Reserve during the Obama administration. In addition to other roles she held at the Federal Reserve, Yellen also served as chair of the Council of Economic Advisers under President Bill Clinton.