And speaking of personnel changes in the White House, Donald Trump sees people on TV he thinks are knowledgeable, he wants them in the White House. With Gary Cohn departing from the Trump regime in the wake of Trump's tariff disaster, the job of Chief Economic Adviser may end up going to America's worst economic pundit, Larry Kudlow.
Larry Kudlow is the leading contender to head President Donald Trump's National Economic Council and would take the job if offered it, CNBC's Jim Cramer reported Monday.
Trump has not formally offered the job, but Kudlow is a leading choice of not only Trump but also some of his advisors to replace Gary Cohn as the president's top economic advisor. A White House official, who declined to be named, confirmed to CNBC that Kudlow is on the list of candidates but said the administration did not have personnel announcements to make.
Kudlow declined to comment.
Kudlow, a CNBC senior contributor and longtime on-air personality, helped to craft economic policy during the Reagan administration. Cramer worked with Kudlow on the CNBC show "Kudlow and Cramer."
Cohn announced his resignation as head of the National Economic Council last week after he lost his battle to block the Trump administration's move to levy tariffs on steel and aluminum. Kudlow advocates for free trade and generally opposes tariffs. He expressed his disappointment with Cohn's departure.
Kudlow informally advised Trump on taxes and other issues during his 2016 run for the presidency.
I've spent close to ten years pointing out how wrong Larry Kudlow has been on the economy. Now he may be advising Trump on how to run it. If you somehow thought we were going to escape a brutal recession before, with Kudlow whispering in Trump's ear, we're headed there even faster.
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