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Trump plans to tap Kudlow for top economic adviser: report

Trump plans to tap Kudlow for top economic adviser: report
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CNBC senior contributor Larry Kudlow is a leading contender to be chairman of the Council of Economic Advisers (CEA), The Wall Street Journal reported, citing people familiar with the presidential transition team.

Kudlow served as an informal economic adviser to Donald TrumpDonald TrumpWarren says Republican party 'eating itself and it is discovering that the meal is poisonous' More than 75 Asian, LGBTQ groups oppose anti-Asian crime bill McConnell says he's 'great admirer' of Liz Cheney but mum on her removal MORE during the campaign and was involved in the efforts to revise Trump’s tax plan to cut its cost.

He was previously associate director for economics and planning at the Office of Management and Budget during Ronald Reagan’s first term. He has also worked at the Federal Reserve Bank of New York.

Stephen Moore, who was also an economic adviser to Trump, said Thursday at a speech to the Lansing, Mich., Regional Chamber of Commerce’s economic club that Trump plans to tap Kudlow for the position, Detroit News reported. However, in a follow-up with Business Insider, Moore said Kudlow is the leading candidate, but the decision isn't final.

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CEA is a three-member council that provides research-based advice to the president on economic policy.

When asked Thursday about the reports that he is being considered for the CEA job, Kudlow told The Hill, “I’m very old-school, and so I have no comment on these things.”

He said he has supported Trump from almost the beginning of his campaign, and will “absolutely support his economic policies.”

Kudlow said Tuesday at an event hosted by Politico that he would generally be interested in taking a job in the government.

“I think this is going to be an historic administration,” he said.

Moore told the Journal that if Kudlow was chosen to lead CEA, “conservatives would just be ecstatic.”

“He has been the voice of the free-market conservative movement for the last dozen years,” Moore said.

A final decision on whether Kudlow would be offered the CEA position has not been made, the Journal reported.

The Trump transition team did not immediately respond for a request about whether Kudlow was being considered for the CEA post.