Kudlow Into The Breach
< < Go Back
Trump needs his new economic chief’s focus on policies for growth.
Equity markets stumbled Wednesday after President Trump tweeted his enthusiasm for more trade brinksmanship even as first quarter economic growth estimates are falling. Congratulations and good luck, Larry Kudlow, who said he has accepted Mr. Trump’s offer to run the White House National Economic Council.
The long-time CNBC commentator is an excellent choice to replace Gary Cohn, having helped Mr. Trump craft his campaign tax plan. Mr. Kudlow, a stalwart from the GOP’s growth wing going back to the Reagan Administration, also played a crucial role persuading Congress to support the reform that passed in December. He spent hours with Senators making the case for the supply-side benefits of tax reform, which passed without a single Democratic vote.
“We don’t agree on everything, but in this case I think that’s good,” Mr. Trump said on Tuesday. “I want to have different opinions. We agree on most. He now has come around to believing in tariffs as a negotiating point.”
More From The Wall Street Journal (subscription required):