White House Economic Adviser Lawrence Kudlow Suffers Heart Attack - http://earlyretireonline.com | how to earn money fastJune 12, 2018 1:36 am
Categorised in: Breaking Financial News
Mr. Kudlow, 70 years old, has served as director of the president’s National Economic Council since March, having replaced Gary Cohn.
“Our Great Larry Kudlow, who has been working so hard on trade and the economy, has just suffered a heart attack,” the president tweeted shortly before his summit meeting with North Korean leader Kim Jong Un in Singapore.
Mr. Kudlow, a onetime conservative economic commentator, had attended the Group of Seven conference of industrialized nations with Mr. Trump in Quebec over the weekend, but didn’t join the president for the summit meeting with Mr. Kim.
After the G-7 meeting, he defended Mr. Trump’s criticism of Canadian Prime Minister Justin Trudeau, who had vowed that his country wouldn’t tolerate U.S. tariffs on Canadian metals. “[Canadian Prime Minister Justin] Trudeau decided to attack the president—that’s the key point,” Mr. Kudlow told CBS. “And yes, you know, if you attack this president he’s going to fight back.”
In his short stint in the post, Mr. Kudlow has emerged as the president’s chief economic spokesman and one of his main cheerleaders, though the two men have taken different positions on U.S. trade relations.
Mr. Kudlow, part of a pro-free-trade faction inside the Trump administration, has made clear he dislikes the tariffs that Mr. Trump has wielded in an attempt to wipe out the U.S. trade deficit. But he has defended the president’s moves nonetheless, telling The Wall Street Journal in a recent interview that he sees tariffs as part of “a quiver of tools” available to a president intent on improving America’s global trade position.
Mr. Kudlow’s condition was unclear, as was his future in the White House. He had kept a brisk schedule as head of the NEC, speaking regularly to the press corps and traveling frequently with the president.
Mr. Kudlow is a former Wall Street economist and television commentator who has been in his job for around two months. He developed close ties with Mr. Trump during the 2016 presidential campaign.
Mr. Kudlow worked as a top budget aide in the administration of President Ronald Reagan between stints as a Wall Street economist in the 1980s and 1990s. He has been an economic commentator for the past two decades on various television and radio programs.
In an interview shortly after taking his current job, he said of his new role, “it’s a larger job than I thought.”
An open question has been whether Mr. Kudlow can retain the staff built by his predecessor, Mr. Cohn, which is highly regarded even among Mr. Cohn’s detractors.
One of the officials Mr. Cohn promoted to serve as one of the NEC’s two deputies earlier this year, Shahira Knight, said earlier this month she would leave the White House to take a job at a banking trade group.
—Ben Kesling contributed to this article.