China Is About To Reveal Important Economic Data At A Very Pivotal Time For The Country


Kudlow, too, has been a consistent advocate for free trade, and criticized Trump's tariff decision days before he was tapped to join the administration. He also lamented Cohn's departure.

Yet, Kudlow has built up more good will with Trump than Cohn reportedly ever had. Both Trump and Kudlow are longtime media personalities and personal friends. While Kudlow dislikes tariffs, he has shifted to a more Trump-friendly middle ground in recent weeks, arguing that China's trade practices do indeed deserve an economic retaliation.


Trump tweet Larry Kudlow will be my Chief Economic Advisor as Director of the National Economic Council. Our Country will have many years of Great Economic & Financial Success, with low taxes, unparalleled innovation, fair trade and an ever expanding labor force leading the way! # > MAGA

And Kudlow is a big booster of Trump's tax cuts.

All this suggests that the role of NEC director is set to become more about politics than merely policy, economist Stephen Roach said on CNBC's "Squawk on the Street" on Thursday.

"This is an important function in the White House, and it's being turned into a job of political advocacy driven by an ideology rather than by an appreciation of these powerful forces at work," Roach said.

Trump's business-friendly White House has also put economic performance at the center of its messaging. Trump regularly touts the stock market's relatively steady gains over the first year of his administration, and periodically tweets out positive economic data.

Trump tweet JOBS, JOBS, JOBS! # > MAGA

The patterns of recent history would suggest that Kudlow's follow-up act will be less tumultuous than Cohn's. But in Trump's White House, Kudlow is shaping up to be as visible in government as he has been on television.

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Source : https://www.cnbc.com/2018/03/15/trump-kudlow-and-the-history-of-the-national-economic-council.html

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