TV pundit Larry Kudlow named Trump's new Economic Advisor
What's the story
The White House said on Thursday said that Larry Kudlow, a conservative media analyst, has accepted the position as the new chief economic advisor to President Donald Trump. Kudlow, 70, would be replacing Gary Cohen, a former Goldman Sachs executive who quit the post after his differences with Trump on imposing a 25% tariff on import of steel and 10% on aluminum. Here's more.
The position
Kudlow was offered and he accepted the position: White House
White House Press Secretary Sarah Sanders said, "Larry Kudlow was offered, and accepted, the position of Assistant to the President for Economic Policy and Director of the National Economic Council." "We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role," Sanders said. Earlier, Kudlow was a budget official during Ronald Reagan's presidency.
Reactions
Top American lawmakers welcome Kudlow's appointment
Top American lawmakers welcomed Kudlow's appointment to the crucial administration position. Senator Lindsey Graham called the appointment "a home run choice" and praised Kudlow for his advocacy of "pro-growth" economic policies. "He will be a steady hand in helping implement President Trump's pro-growth agenda and will provide insightful advice backed by a deep understanding of how the American economy works," Graham said.
Backlash
Democratic Congressman Ted W Lieu "appalled" with the appointment
However, Democratic Congressman Ted W Lieu was less enthused by Kudlow's appointment, saying he was "appalled" that the person who will now drive the US' economic policy has argued that war is good for business. "Our service members are brave patriots, not equity on a shareholder report. Mr. Kudlow's fringe ideas don't deserve a place in the White House," he said.