The Center for American Progress (CAP) has named former National Economic Council Director and former Treasury Secretary Lawrence H. Summers as a distinguished senior fellow.

(Chip Somodevilla — Getty Images)

“As our country continues to confront challenges to establishing economic growth that is more broadly shared, there are few thinkers with Larry’s insights, keen intellect, and policy creativity,” said Neera Tanden, President of the Center for American Progress, in a statement.

Summers will continue his work on economic issues at CAP and will co-chair a new project with former British foreign minister David Miliband, who has also been a recent addition to the progressive think tank.

“Beyond the challenge of completing recovery from the financial crisis and recession, and assuring that federal borrowing returns to a sustainable path, policy must address deep structural changes that lie behind increased inequality and joblessness,” said Summers.

Before serving as the director of the National Economic Council, Summers was the 27th president of Harvard University and held several other senior policy positions in Washington, including secretary of the Treasury Department in the Clinton administration.

In addition to his work at CAP, Summers currently serves as the Charles W. Eliot University Professor and the Weil Director of the Mossavar-Rahmani Center for Business and Government at Harvard University’s Kennedy School of Government.