President Donald Trump’s new economic adviser has made a stunning prediction about the U.S. economy. The Washington Examiner reports that Larry Kudlow recently met with White House staff, to whom he made the unexpected prognosis. Trump was present, and surprised at the pronouncement. So what did Kudlow say?
Kudlow reportedly predicted the nation’s economy is on the cusp of hitting up to 5% economic growth. He said, “The nation’s economy is on the verge of 4% to 5% growth, or more than double the last decade.” He told the president’s inner circle that many American companies were holding back until the tax reform bill was passed and signed into law.
The former CNBC host told Trump, “We’re on the front end of the biggest investment boom in probably 30 to 40 years.”
Trump responded by saying, “Well, I couldn’t have said it any better.”
Kudlow accepted a job offer from the president last week to replace Democratic economic adviser Gary Cohn as the White House National Economic Council director.
Fox News reported, “Kudlow’s extensive career in finance includes stints working for the Federal Reserve Bank of New York and serving as a chief economist and senior managing director at Bear Stearns, the defunct investment bank that failed during the 2008 financial crisis.
Kudlow served as the associate director for economics and planning in the Office of Management and Budget (OMB) during former President Ronald Reagan’s first term.
About the Author
Ryan Saavedra writes for The Daily Wire.