CNBC’s Larry Kudlow Says Gary Cohn’s Departure Could Mark ‘A Turn For the Worse’
As stocks dropped amid top White House economic adviser Gary Cohn’s resignation announcement, longtime TV economist and former cokehead Larry Kudlow suggested the change marks a “turn for the worse” in America’s financial state.
President Donald Trump confirmed the departure today, saying, “Gary has been my chief economic advisor and did a superb job in driving our agenda, helping to deliver historic tax cuts and reforms and unleashing the American economy once again. He is a rare talent, and I thank him for his dedicated service to the American people.”
When asked on CNBC — a network where he is a senior contributor — what the administration change means for the US economy as a whole, Kudlow did not sound hopeful:
“Tt’s not great, I can say that I mean in recent days I’ve talked to Gary — I personally urged him to stay, he didn’t commit and I’ve done it on the air, you’ve heard me do it. I think he did a great job, I think he has a good staff. I think he’s been a powerful force, so I’m quite sorry… I think it’s a turn for the worse… I think he did a great job, I’m really sorry he’s leaving — and we’ll see who the president appoints. Look, the president tends to have balance where [with] these disagreements.”
While the exact date that Cohn will leave the White House has not been set yet, the timing of the ex-Goldman Sachs president was particularly noteworthy as it came amid Trump’s push for steel tariffs — an issue the two presumabely disagree on, given the adviser’s pro-free trade stance.
Additionally, Kudlow sounded unsure on who the president would appoint to replace him, but failed to mention the Washington Post report suggesting the CNBC talking head himself was under consideration for Cohn’s administration role.
Watch above, via CNBC.
[images via screengrab]
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