REUTERS/Brendan McDermid
President Trump has selected former cable-news host Larry Kudlow to replace Gary Cohn as his chief economic adviser, White House Press Secretary Sarah Huckabee Sanders confirmed Wednesday afternoon. “Larry Kudlow was offered, and accepted, the position of Assistant to the President for Economic Policy and Director of the National Economic Council,” Sanders said in a statement. “We will work to have an orderly transition and will keep everyone posted on the timing of him officially assuming the role.” The Washington Post, CNBC, and Politico all reported earlier that 70-year-old Kudlow—who previously worked in the Reagan administration—accepted the job offer on Tuesday evening. Much like Cohn, Kudlow is an outspoken advocate in favor of free-market economic policies and against policies like the steel tariffs Trump announced last week.