Larry Kudlow, a conservative media analyst, has accepted the position of chief economic advisor to President Donald Trump, the White House said. Kudlow, 70, would replace Gary Cohen, a former Goldman Sachs executive who quit the post after his differences with Trump on imposing a 25 per cent tariff on import of steel and 10 per cent on aluminium.
“Larry Kudlow was offered, and accepted, the position of Assistant to the President for Economic Policy and Director of the National Economic Council,” White House Press Secretary Sarah Sanders said. “We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role,” Sanders said.
Kudlow served in the Regan administration when he helped craft the economic policy. Top American lawmakers welcomed Kudlow’s appointment to the crucial administration position. Senator Lindsay Graham called the appointment “a home run choice” and praised Kudlow for his advocacy of “pro-growth” economic policies. “He will be a steady hand in helping implement President Trump’s pro-growth agenda and will provide insightful advice backed by a deep understanding of how the American economy works,” Graham said.