ABC News
Janet Yellen, President-elect Joe Biden's history-making pick for treasury secretary, stressed the need for "big" relief efforts amid the COVID-19-induced recession during her confirmation hearing Tuesday before the Senate Finance Committee. Yellen, 74, is the former chair of the Federal Reserve and, if confirmed by the Senate, would become the first woman to lead the Treasury. "When economists look back on the pandemic, I expect they'll conclude that Congress' actions averted a lot of suffering," Yellen, who appeared remotely, said at the hearing.