Janet Yellen , the No 2 Assistant Secretary , would replace Ben Bernanke if nominated and confirmed . Yellen 's status was elevated after Larry Summers withdrew his name from consideration . If nominated and confirmed by the Senate , Yellen would become the first woman to hold the job . President Barack Obama plans to nominate Bernanke 's successor this fall .
Janet Yellen , the No 2 Assistant Secretary , would replace Ben Bernanke if nominated and confirmed . Yellen 's status was elevated after Larry Summers withdrew his name from consideration . President Barack Obama plans to nominate Bernanke 's successor this fall .