Since being elected, President-elect Donald Trump has been making swift moves appointing members to his cabinet. Some of these people appointed to their positions have government backgrounds. Others have more obscure, less government-related professional experience. One role the president-elect has yet to fill is Secretary of the Treasury. Who will be in charge of fiscal policy?

On this week’s episode of Capitol Gains, Washington Correspondent Ben Werschkul, and senior columnist Rick Newman talk with Puck News Founding Partner William D. Cohan about the US Treasury and why it is so crucial President-elect Trump selects the right person to become Secretary of the Treasury in his new administration.

Cohan says that in addition to being able to run the Treasury, a Secretary of the Treasury needs to be able to act accordingly and lead during a financial crisis.

“We’re probably due for [a financial crisis],” Cohan tells Capitol Gains. “They occur once every 20 years or so on average. Having Hank Paulson as Treasury Secretary during the 2009 financial crisis as the former CEO of Goldman Sachs made a huge amount of difference.”

It is critical to have people with financial experience in this position. “Understanding Wall Street, knowing who to call and knowing how to get people rowing in the same direction is hugely important.”

To find out more, listen to the full episode of Capitol Gains here.

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This post was written by Lauren Pokedoff.