President Obama’s top economic adviser, Larry Summers, is leaving the White House at the end of the year, the administration announced Tuesday.
Summers will return to Harvard University as a professor.
“I will miss working with the president and his team on the daily challenges of economic policy making,” Summers said in a written statement. “I’m looking forward to returning to Harvard to teach and write about the economic fundamentals of job creation and stable finance as well as the integration of rising and developing countries into the global system.”
Summers will continue to serve as a member of Obama’s economic advisory board.
“I will always be grateful that at a time of great peril for our country, a man of Larry’s brilliance, experience and judgment was willing to answer the call and lead our economic team,” Obama said in a written statement.
