Trump confirms CNBC contributor Kudlow to be economic aide

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Trump confirms CNBC contributor Kudlow to be economic aide
Larry Kudlow, a long-time fixture on the CNBC business news network who previously served in the Reagan administration, is interviewed on the floor of the New York Stock Exchange, Wednesday, March 14, 2018. President Donald Trump has chosen Kudlow to be his top economic aide. (AP Photo/Richard Drew)

WASHINGTON (AP) — President Donald Trump is confirming he’s picked CNBC contributor Larry Kudlow as his top economic adviser and says the country is in line for a long run of upbeat financial news.

Trump tweets that the U.S. “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!”

Kudlow is succeeding Gary Cohn, a former Goldman Sachs executive, at the White House. Cohn’s leaving after a dispute over Trump’s decision to impose tariffs on imported steel and aluminum.

Kudlow served in the Reagan administration and has emerged as a leading proponent of tax cuts and a smaller government.

Kudlow is joining the administration in the middle of a Cabinet and West Wing overhaul.