WASHINGTON — President Donald Trump is confirming he’s picked CNBC contributor Larry Kudlow as his top economic adviser and says the country is in line for a long run of upbeat financial news.
Trump tweets that the U.S. “will have many years of Great Economic & Financial Success, with low taxes, unparalleled innovation, fair trade and an ever expanding labor force leading the way!”
Kudlow is succeeding Gary Cohn, a former Goldman Sachs executive, at the White House. Cohn is leaving after a dispute over Trump’s decision to impose tariffs on imported steel and aluminum.
Kudlow served in the Reagan administration and has emerged as a leading proponent of tax cuts and a smaller government.
Kudlow is joining the administration in the middle of a Cabinet and West Wing overhaul.