Larry Kudlow is usually the leading contender to head President Donald Trump’s National Economic Council as well as also would certainly take the job if offered the item, CNBC’s Jim Cramer reported Monday.
Trump has not formally offered the job, although Kudlow is usually a leading choice of not only Trump although 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 of which Kudlow is usually on the list of candidates although said the administration did not have personnel announcements to make.
Kudlow declined to comment.
Kudlow, a CNBC senior contributor as well as also longtime on-air personality, helped to craft economic policy during the Reagan administration. Cramer worked with Kudlow on the CNBC show “Kudlow as well as also 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 as well as also aluminum. Kudlow advocates for free trade as well as also generally opposes tariffs. He expressed his disappointment with Cohn’s departure.
Kudlow informally advised Trump on taxes as well as also various other issues during his 2016 run for the presidency.
Market watchers had a negative reaction to Cohn’s exit, as they worried about potential drawbacks frmo the tariffs. Critics are concerned of which the trade actions could raise prices for consumers or lead to retaliation through trading partners of which could hurt American companies.
Cohn’s departure was seen as opening up a larger role for Peter Navarro, a trade hawk who has often supported a protectionist policy. Navarro has championed aggressive policy to combat what he deems trade abuses by China.
Over the weekend, reports surfaced of which Trump had narrowed his search to two candidates: Chris Liddell as well as also Shahira Knight. Liddell is usually the White House’s director of strategic initiatives, as well as also Knight is usually a National Economic Council deputy. Reports said Knight is usually not interested inside position.
— CNBC’s Eamon Javers contributed to of which report