Trump confirms CNBC contributor Larry Kudlow to be economic aide

Trump confirms CNBC contributor Larry Kudlow to be economic aide

Former OMB Director David Stockman discusses his experiences with President Trump's new top economist, Larry Kudlow.

Investors should not rule out "occasional friction", and times when Kudlow, like other advisers and ones that have already departed the White House, may have to "defer" to Trump, says Gabriel.

Kudlow, an informal adviser to Trump's 2016 presidential campaign, had also criticized the president's decision, saying tariffs would harm steel-consuming producers.

The NEC director can have wide influence over the president on a variety of issues, ranging from steering economic policy to offering guidance on who to choose for open positions at the US Federal Reserve.

Kudlow has been a large supporter of the December tax cuts and claims, "there may be more action on that front".

The kiwi fell about a quarter of a USA cent early yesterday on news that the economy expanded 0.6 percent in the three months to December 31 versus an expected 0.8 percent as unfavourable weather weighed on agricultural output. He also said he doesn't like blanket tariffs but softened his position when Trump said the United States would offer exemptions to Canada and Mexico on the steel and aluminium fees.

Later in that hour's broadcast, Ruhle said Kudlow would face a challenge representing "real data" in his role.

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"We don't agree on everything, but in this case I think that's good", Trump said.

"The economy is starting to roar and we're going to get more of that", he said. "He now has come around to believing in tariffs as a negotiating point".

Kudlow has been on the economic front for a while.

"He will be a steady hand in helping implement President Trumps pro-growth agenda and will provide insightful advice backed by a deep understanding of how the American economy works", Graham said. We agree on most.

"We need more smart, business-minded people who understand that this president is trying to make the U.S. more competitive with the rest of the world and provide much needed economic relief after many years of failed fiscal policies", he said.

"Our service members are fearless patriots, not equity on a shareholder report". "The president told him, "'No one else knows that you and I are having this conversation.' I loved it", said Mr. Kudlow. "Mr. Kudlows fringe ideas dont deserve a place in the White House", she said. He also worked in the Ronald Reagan administration as an economic policy adviser.

This is unedited, unformatted feed from the Press Trust of India wire.

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