Posted on 12/15/2016 12:48:48 PM PST by SeekAndFind
President-elect Donald Trump's administration is planning to nominate political commentator and economic analyst Larry Kudlow to chair the Council of Economic Advisers.
Stephen Moore, a conservative economist who advised Trump's presidential campaign, said at a luncheon in Michigan that Trump was set to choose Kudlow to be next chair of the council, a source who was in attendance told Business Insider.
The Wall Street Journal, citing sources familiar with the deliberations, reported that a final decision has not been made.
The council sits within the executive office and advises the president on economic policy.
Trump's transition team and Kudlow's office didn't immediately respond to requests for comment.
Kudlow was associate director for economics within the Office of Management and Budget in the Reagan administration and a longtime CNBC host. He mulled a 2016 run for the US Senate, in which he would have challenged incumbent Democratic Sen. Richard Blumenthal of Connecticut.
Kudlow was an early advocate for Trump, saying his proposals to lower taxes would benefit the US economy. Later in the campaign, Kudlow broke with Trump on his more protectionist trade policies — Kudlow has advocated the Trans-Pacific Partnership — and anti-immigration policies.
The Council of Economic Advisers is made up of three economists and conducts research to provide the president with economic data to make policy. It also publishes the annual Economic Report of the President.
(Excerpt) Read more at businessinsider.com ...
Larry’s not for tariffs. But he is for enforcing fair and fairly executed trade deals.
I see a 21st century Plaza Accord on the horizon, sharply devaluing USD vs. Yuan Renminbi (China) and other currencies.
This was done to Japan in the 1980s. At that time, they were the same as China today, manipulating Yen to take American industry. In 1985 Japan had 6 of 10 largest banks in the world.
Same deal. Threat of trade war (along with other serious pressures) are required to get China to go along.
The benefits will include dramatic growth in U.S. and ability to pay down the $20 trillion with cheaper dollars.
[chortle]
China has been printing so much, so fast, their currency is set for a crash.
Best Election Ever. (When I voted for Reagan I was too young to have any perspective).
I want Stuart Varney. Love that man.
anew her publuicly, much to my detriment.
imho we’re seeing two different things happening w/ policy shifts in the new gov’t. One is that the tirades placate the the base and all that’s necessary is pleasing the listener. The process of translating the tirades into action has to maintain a solid connection to reality regardless of previous rhetoric. Seems this is not a problem as the party faithful don’t care about what he does, only what he says.
Usually I prefer words corresponding w/ actions but I also understand that the world’s filled w/ them that don’t. I can deal w/ it.
I am tingling with joy!
If this happens we’re likely to get strong economic growth for eight years.
Trump could be more successful than the Gipper!
Dude, where you at?
All the right motivation to go public. Good on Larry Kudlow for doing so, shame on those (NOT YOU!) who'd bring this up to use against him after he's been so honest and kept himself right all these years afterwards.
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