INVESTMENT banker Roger Altman is the top candidate to replace National Economic Council director Lawrence Summer as Obama’s most senior economic adviser, it emerged yesterday.
Altman, a former Treasury official, met with Obama at the White House Tuesday.
Altman could signal a move to the centre because he is closely associated with moderate economic policies of the Clinton administration.
He served two stints at the Treasury Department, first in 1977-81 as assistant secretary in the administration of President Jimmy Carter, and second in 1993-94 as deputy secretary under President Bill Clinton.
Summers’ replacement will play an important role in helping Obama find new ways to boost the economy.
City A.M. Reporter