Parsons Is Great Choice to Replace Summers: Lindsey


The job of the White House economic adviser is a tough one to fill and someone like Dick Parsons, current chairman of Citi, would be an “outstanding” choice, said Lawrence Lindsey, president and CEO of The Lindsey Group and the former director of the National Economic Council.

Summers Spring into Winter

White House economic adviser Larry Summers announced on Tuesday he will leave his job by year-end, marking a major staff shake-up for President Obama as he faces growing pressure to revive the sluggish economy.

Obama is seen as highly likely to tap someone from outside the administration to fill Summers' job, with some saying he should look at business people as potential candidates.

“[Parsons] has been involved in the policy process directly and indirectly now for many years, understands how Washington works and is a friend of the President and someone like that would be an outstanding choice,” Lindsey said. (Watch the full video here.)

Parsons was named chairman of Citi in 2009.