CNBC economic analyst Larry Kudlow has accepted President Donald Trump’s offer to lead the White House National Economic Council, after Gary Cohn’s departure last week left the position open.
Kudlow, a former Trump campaign adviser, was rumored to fill the position immediately after Cohn publicly stated his plan to leave the administration. However, he initially pushed back on the rumors, saying, “I don’t have any comments on that stuff. I just don’t want to walk through all those scenarios.”
The Washington Post first reported the new White House hire:
“Larry Kudlow, a conservative economic media analyst and Trump campaign adviser, will be the next chairman of the White House National Economic Council. Kudlow championed Trump’s plan to cut taxes, but he recently criticized the president’s move to add tariffs on steel and aluminum imports. He’ll replace Gary Cohn, who also opposed the tariffs and announced he would resign after Trump implemented them over his objections.”
This is not Kudlow’s first foray into the White House, as he also served as one of Ronald Reagan’s economic confidants in the 1980s — when he was addicted to cocaine and other substances.
Watch above, via MSNBC.
[image via screengrab]