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September 23, 2019Cart

Business

by Fairfield County Business Journal
by FCBJ

Larry Kudlow picked by Trump as economic adviser

President Trump has selected former cable news host and Redding resident Larry Kudlow as his new chief economic adviser.

Larry Kudlow. Image via CNBC

Kudlow, 70, told the Associated Press that he accepted the position of director of the National Economic Council, replacing Gary Cohn, a former Goldman Sachs executive who resigned earlier this month.

Kudlow is a former CNBC commentator and host of “The Kudlow Report,” which aired from 2009 to 2014. He served in the first term of the Reagan administration as associate director for economics and planning in the Office of Management and Budget. During this period, he also worked as an advisory committee member for Freddie Mac.

Kudlow’s name was floated in the media in 2010 and earlier this year as a potential Republican candidate to represent Connecticut in the U.S. Senate. In late 2016, he was touted as a potential chairman of the Trump Administration’s White House Council of Economic Advisers.

In joining the administration, Kudlow becomes the highest ranking Fairfield County resident to serve in the Executive Branch.