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Ben S. Bernanke

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President Obama nominated Janet Yellen, a loyal lieutenant of Federal Reserve Chairman Ben S. Bernanke, to become the first woman to head the century-old central bank on Wednesday.

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**FILE** Federal Reserve Chairman Ben S. Bernanke speaks during a news conference in Washington on March 20, 2013. (Associated Press)

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** FILE ** Federal Reserve Chairman Ben S. Bernanke speaks during a news conference in Washington on Wednesday, March 20, 2013. (Associated Press)

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** FILE ** Federal Reserve Chairman Ben S. Bernanke speaks during a news conference in Washington on Wednesday, March 20, 2013. (Associated Press)

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** FILE ** Federal Reserve Chairman Ben S. Bernanke speaks during a news conference in Washington on Wednesday, March 20, 2013. (Associated Press)

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** FILE ** Federal Reserve Chairman Ben S. Bernanke speaks during a news conference in Washington on Wednesday, March 20, 2013. (Associated Press)

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Federal Reserve Chairman Ben S. Bernanke speaks at the National Bureau of Economic Research on Wednesday, July 10, 2013, in Cambridge, Mass. (Associated Press)

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** FILE ** Federal Reserve Chairman Ben S. Bernanke speaks during a news conference in Washington on Wednesday, March 20, 2013. (Associated Press)

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Federal Reserve Chairman Ben S. Bernanke speaks at the National Bureau of Economic Research on Wednesday, July 10, 2013, in Cambridge, Mass. (Associated Press)

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**FILE** Federal Reserve Chairman Ben S. Bernanke speaks during a news conference in Washington on March 20, 2013. (Associated Press)

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Federal Reserve Chairman Ben S. Bernanke (left) speaks with former Federal Reserve Chairman Paul Volcker before President Obama signs the Dodd-Frank Wall Street Reform and Consumer Protection Act at the Ronald Reagan Building and International Trade Center in Washington on Wednesday, July 21, 2010. (AP Photo/Charles Dharapak)

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Congressional aides stand under a monitor as Ben S. Bernanke, chairman of the U.S. Federal Reserve, gives his semiannual monetary report to the House Financial Service Committee in Washington on Feb. 24, 2010. Bernanke said the U.S. economy is in a "nascent" recovery that still requires low interest rates to encourage demand by consumers and businesses once federal stimulus expires. (Joshua Roberts/Bloomberg)

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** FILE ** Federal Reserve Chairman Ben S. Bernanke