Donald Trump has named his top economic aide, appointing a fixture of business news channel CNBC to the post. The AP reports that Trump offered the position to Larry Kudlow.
As we previously reported earlier this week, the appointment was expected.
Kudlow, 70, “previously served in the Reagan administration and has emerged as a leading evangelist for tax cuts and a smaller government,” the AP reports, adding: “Kudlow told The Associated Press on Wednesday that he has accepted the offer, saying the U.S. economy is poised to take off after Trump signed $1.5 trillion worth of tax cuts into law.”
Said Kudlow: “The economy is starting to roar and we’re going to get more of that.”
“Kudlow will join an administration in the middle of a tumultuous remodeling as a wave of White House staffers and top officials have departed in recent weeks,” the AP notes. “Trump on Tuesday dumped via Twitter his secretary of state, former Exxon Mobil CEO Rex Tillerson.”
The report notes that Kudlow is set to succeed former Goldman Sachs executive Gary Cohn, who is exiting the White House after battling Trump on his decision to impose tariffs on imported steel and aluminum.
“With Trump’s tax cuts already being implemented, Kudlow would be advising a president who appears increasingly determined to tax foreign imports — a policy that Kudlow personally opposes,” the AP notes. “Kudlow said that he is ‘in accord’ with Trump’s agenda and that his team at the White House would help implement the policies set by the president.”
(screenshot of him on CNBC)