Top Business Trends||Latest Business News Headline Today

Wall Street wonders how long Kudlow will last in Trump’s White House

Wall Street wonders how long Kudlow will last in Trump’s White House

Even though Larry Kudlow has not officially started as the director of the National Economic Council at the White House, Wall Street is already wondering when he will hear, “You’re fired.”

The influential conservative media pundit — and President Trump’s unofficial economic adviser during his 2016 campaign — was named to the White House team earlier this month amid much fanfare.

But political veterans were almost choking back tears about his career prospects. Odds are that Kudlow will be emptying his desk in the nation’s capital long before the next presidential election, some analysts predict.

“Don’t let the door hit you on the way out, Larry,” advised Stan Collender, a finance expert appointed to a presidential budget commission by President Clinton in 1998.

“I am giving Larry Kudlow until the 2018 midterm election,” said Collender, a Georgetown University professor, pointing to how the unceremonious firing of Secretary of State Rex Tillerson convulsed Washington and Wall Street.

“I think it is possible that sometime around January 2019, after the midterm elections, Larry will try to leave the White House — so that gives him a nine-month tenure,” he told The Post.

Trump named Kudlow, a famous supply-side economist and Reagan administration adviser, as his choice to replace Gary Cohn, the Goldman Sachs alum who ran the National Economic Council. Cohn clashed with Trump in a tariff tiff — and then abruptly exited.

In scenes reminiscent of “The Apprentice,” Trump’s reality television series, his administration is grappling with a drumbeat of high-profile resignations and firings.

Some are looking to Kudlow to finally establish stability.

“Any way you look at it, Kudlow will have to hit the ground running, as there are important issues facing the White House including funding of infrastructure and a possible trade war triggered by the recent steel and aluminum tariffs,” said personal finance expert Jordan E. Goodman.

One veteran of the political minefields warns Kudlow to watch his back in the new job.

“Kudlow is a very intelligent guy and a great economist,” said Jeff Wiesenfeld, a former senior aide to Gov. George Pataki, Sen. Alfonse D’Amato, and other New York political leaders. “But Larry is an absolutist and very Reaganesque in his approach,” he added.

In today’s White House, that stiff-necked approach could be Kudlow’s undoing, according to Wiesenfeld and other pundits. “You have to be flexible,” added Wiesenfeld, now an executive on Wall Street.

“In my 45 years of experience watching and studying Washington, I haven’t ever seen anything like this White House — it has a toxic atmosphere,” said Collender. “One of the things Americans look for is stability — and all these hirings and changes in the administration at a senior level is not what you want and expect.”

Kudlow may have other sparring partners, or adversaries — Treasury Secretary Steven Mnuchin and Director of the Office of Management and Budget Mick Mulvaney.

“Larry potentially could overshadow Steven because Larry has a stronger presence on television and broader economic experience,” Collender said. “So I could see Mnuchin walking out of the White House arising from tensions.”

Related posts

Jaitley: GST rates may be cut on cement, ACs, TVs with rise in revenue

VA

U.S. Bribery Case Sheds Light on Mysterious Chinese Company

VA

Data breach hits Saks Fifth Avenue, Lord & Taylor stores

VA

Leave a Comment