It is Yellen t and not Summers, as the next Fed chief. According to a survey, President Obama is expected to pick Janet Yellen as the next chairman of the Federal Reserve after Ben Bernanke. The Fed survey was organized by CNBC’ so as to get a feel of the President’s pick. Majority of the participants in the survey believe that Obama is going to choose Yellen. Ben Bernanke, who is the current chairman, has his term up in January. About 25% of the participants in the survey believed that Larry Summers, the former Treasury Secretary will be the next Fed chief. About 12 % believed that Obama should reappoint Bernanke.