White House begins the search for Fed chairman candidate to replace Ben Bernanke

The White House has begun the search to replace current US Federal Reserve chairman, Ben Bernanke, according to Bloomberg.

Bernanke has been in the role since February 2006, when he was appointed by then President George W. Bush.

Widely seen as a dovish member of the Fed, there are now several candidates to replace the bank boss.

In June President Barack Obama hinted that Bernanke might be leaving:

Well, I think Ben Bernanke's done an outstanding job. Ben Bernanke's a little bit like Bob Mueller, the head of the FBI. Where he's already stayed a lot longer than he wanted or he was supposed to.

Apparently Obama's director of the National Economic Council, Larry Summers, is interested in the position.