Summers to return to Harvard
The White House says President Barack Obama’s top economic adviser plans to leave the administration at the end of the year.
The White House said in a statement that Lawrence Summers will leave his post as director of the National Economic Council to return to Harvard University.
Harvard Economic Professor Benjamin Friedman spoke about Summers with WBZ Producer Jon MacLean:
Summers departure comes amid a sluggish economic recovery that has seen unemployment hover near 10 percent. He would be the third high-level member of the Obama economic team to leave this year, following the resignations of budget director Peter Orszag and Christina Romer, head of the Council of Economic Advisers.