White House Confirms Kudlow Appointed National Economic Council Director to Replace Cohn

New Trump adviser Kudlow 'opposes tariffs, big on tax cuts'

President Donald Trump confirmed Thursday that he has picked CNBC contributor Larry Kudlow as his top economic adviser and said the country is in line for a long run of upbeat financial news. Kudlow will fill the role vacated by former Goldman Sachs executive Gary Cohn, who left the White House after differing significantly with the president over tariffs to protect America's steel and aluminum industries.

Thursday morning, Trump's disturbing all-face avatar started bubbling up in the timeline thanks to his own statement on the Kudlow hiring.

Kudlow served in the Reagan administration and has emerged as a leading proponent of tax cuts and a smaller government.

While some economists like Mark Zandi, chief economist at Moody's Analytics believe "Larry is a good choice", not everyone is excited about the prospect of his running the National Economic Council.

Known as a staunch free-trader with experience on Wall Street and for his hard-charging style, Kudlow wasted no time in laying down the law to China, saying Beijing deserved its "comeuppance". "I want to have a divergent opinion - we agree on most", Trump said. "He now has come around to believing in tariffs as a negotiating point".

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"He will be a steady hand in helping implement President Trumps pro-growth agenda and will provide insightful advice backed by a deep understanding of how the American economy works", Graham said. We agree on most. "The way I was brought up in the Reagan years, you talk it out and you argue it out, but once the president has made a decision, that's it".

Democratic Congresswoman Ted W Lieu was less enthused by Kudlows appointment, saying she was "appalled" that the person who will now drive the United States economic policy has argued that war is good for business.

Kudlow's television credentials may help him with one part of the NEC job-trying to win over the public on the president's economic policies, including the White House's view of the recently enacted tax overhaul as a major economic success. "Mr. Kudlows fringe ideas dont deserve a place in the White House", she said.

This is unedited, unformatted feed from the Press Trust of India wire.

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