Trump looking at Kudlow 'very strongly' as Cohn's replacement

Trump looking at Kudlow 'very strongly' as Cohn's replacement

However, some reports have put Assistant to the President for Strategic Initiatives CHRIS LIDDELL and former Federal Reserve System governor KEVIN WARSH in the lead as contenders for the post.

President Donald Trump's potential choice to replace Gary Cohn as chief economics advisor is Larry Kudlow, a reformed alcoholic who once had a $100,000 per month cocaine habit.

Kudlow, an economic analyst who informally advised Trump during the 2016 presidential campaign, penned an op-ed in the National Review with two others urging the President to rethink his decision on tariffs before he signed them. Cohn's decision came after Trump chose to put tariffs on steel and aluminium imports.

President Donald Trump said Tuesday that CNBC personality Larry Kudlow has "a very good chance" at replacing Cohn. Kudlow has also publicly disagreed with the tariffs.

"We agree on most".

Ex-South Korean President Questioned in Corruption Probe
Prosecutors suspect 30 billion won (US$28.2 million) of illicit funds were created through the company and related businesses. Before he entered the prosecutors' office, Lee announced to reporters that he is in a "position of bad discomfort today".

Nearly as soon as Cohn announced his resignation on Tuesday, speculation over his replacement - and the direction of Trump's economic policy - kicked off. His departure from the West Wing was announced last week and followed his break with Mr. Trump over the president's plan to impose tariffs on steel and aluminum.

"I think he has the inside track", Cramer said. Cohn was seen as a free-trade advocate who pushed back on Trump's desires for large tariffs and trade restrictions.

Liddell, like the former Goldman Sachs executive Cohn, has a background in crunching numbers and dealing with Wall Street.

In a recent CNBC interview, Kudlow castigated the president's tariffs as "prosperity killers" and encouraged Cohn to stay at the White House.

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