President Trump has asked CNBC contributor Larry Kudlow to be his new chairman of the National Economic Council and Kudlow has accepted, a source familiar with the matter told the Washington Examiner.
President Trump had been telling close friends and White House officials he planned to tap Kudlow to replace Gary Cohn as his chief economic adviser, and he officially offered the job to Kudlow on Tuesday.
The former Reagan administration economist has spoken with Trump several times since Cohn announced his imminent departure from the West Wing, and previously served as an informal adviser on tax reform when White House aides were crafting a tax plan last fall. Trump himself told reporters on Tuesday he was “very strongly” considering Kudlow for the position, calling him a longtime friend and “very talented man.”
Those lobbying for Kudlow’s selection were pleased to see the president’s comments on Tuesday about his desire for “divergent opinion
” inside the Oval Office. A fierce defender of free trade, Kudlow came out against the steel and aluminum tariffs Trump unveiled last week and would likely defend multilateral trade agreements against the president’s protectionist instincts. He is also a seasoned television personality, who could excel as a surrogate for the White House on economic issues.
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