He was a key economic adviser during the president 's first term and is a former treasury secretary . Janet Yellen , the No 2 Fed official , would succeed Ben Bernanke if nominated and confirmed . Yellen 's status was elevated after Larry Summers withdrew his name from consideration . Comment:
Janet Yellen , the No 2 Fed official , would succeed Ben Bernanke if nominated and confirmed . Yellen 's status was elevated after Larry Summers withdrew his name from consideration . Comment: