On Tuesday, President Trump revealed to reporters who he was considering as the front runner for the top economic advising post in the administration.
Trump has been shopping the Director of the National Economic Council position around since the resignation of banker Gary Cohn.
Reuters reports CNBC conservative commentator Larry Kudlow is the current frontrunner for the position.
Trump told people today that he’s settled on Larry Kudlow to replace Gary Cohn. (Of course he is known to change his mind at the last minute — decisions are rarely final until they have been formally announced — but this is his thinking as of today.)
— Kaitlan Collins (@kaitlancollins) March 12, 2018
— CNN (@CNN) March 12, 2018
Kudlow, 70, a long-time friend and early supporter of Trump’s 2016 presidential campaign, would fill the vacancy at the National Economic Council created by the resignation of veteran Wall Street banker Gary Cohn.
Cohn announced his resignation as NEC director last week in a move that was triggered by Trump’s decision to impose tariffs on steel and aluminum imports. Kudlow has also publicly disagreed with the tariffs.
But Trump said Kudlow has“come around” to see the tariffs as a useful tool for renegotiating trade deals.
Politico reports, “Kudlow, a CNBC contributor and on-air personality, previously served in the Ronald Reagan administration as an associate director of economics and planning for the Office of Management and Budget.”
JUST IN: President Trump confirms reports that he is seriously considering Larry Kudlow to replace Gary Cohn as his chief economic adviser.
— NBC Politics (@NBCPolitics) March 13, 2018
— Steve Cortes (@CortesSteve) March 12, 2018
“We don’t agree on everything, but in this case, I think that’s good. I want to have a divergent opinion. We agree on most,” Trump said, per Reuters. “I think Larry has a very good chance.”
And, via Bloomberg Politics:
The president may name the 70-year-old Kudlow as his top economic adviser within a day or so, a person familiar with the matter said on Monday. Trump has spoken by phone with Kudlow about the economic adviser role a couple of times in recent days, including once over the weekend, according to two people familiar with the situation.
The people familiar with Trump’s deliberations cautioned that he hasn’t made a final decision and could change his mind. Two other people described Kudlow as being among those being considered as replacements for Cohn. All of the people asked not to be identified discussing the matter.
Kudlow is already an informal adviser who occasionally speaks to the president, one of the people said. In addition to his duties at CNBC, where he is a senior contributor, Kudlow is a radio host, syndicated columnist and entrepreneur. He was an economist for Bear Stearns & Co. Inc. and served in President Ronald Reagan’s administration.
— Reuters Top News (@Reuters) March 13, 2018
If rumors are true, and @larry_kudlow is named Chair of the Council of Economic Advisors, America will be well-served. Praying those rumors are true!
— Brian Wesbury (@wesbury) March 12, 2018
According to the report, Chris Liddell, a former Microsoft Corp executive, and Peter Navarro, a trade adviser to Trump who favors steel and aluminum tariffs, are other candidates for the position.
Check it out:
Note: The author of this article has included commentary that expresses an opinion and analysis of the facts.
Full video: President Trump discusses the removal of Secretary of State Tillerson, the promotion of CIA director Pompeo to the State Dept., and says Larry Kudlow is a contender for Gary Cohn’s job in the White House. pic.twitter.com/ABhevVv7rk
— CNBC Now (@CNBCnow) March 13, 2018