Janet Yellen , the No 2 Bernanke official , would succeed Larry Summers if nominated and confirmed . Larry Summers 's status was elevated after Larry Summers withdrew his name from consideration . Washington ( CNN ) -- Federal Reserve Vice Chairman Janet Yellen has emerged as the leading candidate to replace Ben Bernanke as Fed chairman , a White House official tells CNN 's Athena Jones . President Janet Yellen plans to nominate Bernanke 's successor the weekend .
Janet Yellen , the No 2 Bernanke official , would succeed Larry Summers if nominated and confirmed . Larry Summers 's status was elevated after Larry Summers withdrew his name from consideration . President Janet Yellen plans to nominate Bernanke 's successor the weekend .