TV pundit Lawrence Kudlow 'to be Trump economic adviser'

From BBC - March 14, 2018

Television commentator Lawrence Kudlow has said he accepted the role of top economic adviser to US president Donald Trump, US media report.

Mr Kudlow will reportedly lead the National Economic Council after Gary Cohn quit last week.

Mr Cohn resigned after disagreeing with Mr Trump about his plan for tariffs on metal imports.

Mr Kudlow, a former Bear Stearns investment banker, is currently a pundit on business news channel CNBC.

"The president offered me the position last evening and I accepted," he told Reuters news agency on Thursday.

The White House has yet to confirm his hiring.

Mr Kudlow was an early supporter of Mr Trump, and is a well-known conservative voice.

What is his background?

He was born in New Jersey and studied at the University of Rochester and Princeton's school of public and international affairs.

His career in economics started with a junior position at the New York branch of the Federal Reserve.

He moved to work as an economist for Wall Street firms and for former President Ronald Reagan in Washington, where he helped to make the case for the first round of 1980s tax cuts.

In 1994, Mr Kudlow spoke to the New York Times about battling drug and alcohol addiction, saying he hoped his story would help others in the position. The problem had led to his resignation as chief economist from the Bear Sterns investment bank.

Mr Kudlow, who calls himself a "long-run optimist", subsequently re-invented himself as a media personality, hosting radio and television programmes, including for the business news channel CNBC, where he remains a contributor.

Analysis: BBC US business reporter Joe Miller

In his trademark blue pinstripe shirts and monogrammed cufflinks, Larry Kudlow has been a fixture on US financial television for more than a decade, and a reliable cheerleader for American business.

A proponent of lower taxes, Mr Kudlow made his name at the ill-fated Bear Stearns before working in the Reagan administration.

Where does he stand on the issues?

What is the reaction?


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