Trump taps Kudlow to be top economic adviser: reports


WASHINGTON (Reuters) – U.S. President Donald Trump has picked television commentator and economic analyst Larry Kudlow to replace Gary Cohn as the top White House economic adviser, the Washington Post and CNBC reported on Wednesday.

FILE PHOTO: Economic analyst Lawrence “Larry” Kudlow appears on CNBC at the New York Stock Exchange, (NYSE) in New York, U.S., March 7, 2018. REUTERS/Brendan McDermid/File Photo

CNBC said the announcement of Trump’s decision could come as soon as Thursday.

White House spokeswoman Sarah Sanders told reporters that Trump spoke to Kudlow, 70, on Tuesday, but she would not confirm whether he had offered him the job. “No personnel announcements,” she said.

The appointment of Kudlow as director of the National Economic Council would not be a major surprise.

FILE PHOTO: Economic analyst Lawrence “Larry” Kudlow appears on CNBC at the New York Stock Exchange, (NYSE) in New York, U.S., March 7, 2018. REUTERS/Brendan McDermid

Trump told reporters on Tuesday that Kudlow, a Republican who served as an economic adviser to former President Ronald Reagan in the 1980s and also worked on Wall Street, had “a very good chance” at being selected to replace Cohn.

Kudlow, an informal advisor to Trump’s 2016 presidential campaign, had criticized the president’s decision last week to place steep tariffs on imports of steel and aluminum, saying they would harm steel-consuming producers. Cohn also opposed the tariffs.

But Trump said on Wednesday that Kudlow had “come around” to view tariffs as a useful tool for renegotiating trade deals.

(This version of the story corrects day of week in third paragraph)

Reporting by Makini Brice; Additional reporting by Jeff Mason; Editing by Paul Simao



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