Larry Kudlow facts for kids
Quick facts for kids
Larry Kudlow
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Kudlow at the Conservative Political Action Conference (2016)
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| 12th Director of the National Economic Council | |
| In office April 2, 2018 – January 20, 2021 |
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| President | Donald Trump |
| Preceded by | Gary Cohn |
| Succeeded by | Brian Deese |
| Personal details | |
| Born |
Lawrence Alan Kudlow
August 20, 1947 Englewood, New Jersey, U.S. |
| Political party | Democratic (before 1981) Republican (1981–present) |
| Spouses |
Nancy Gerstein
(m. 1974; div. 1975)Susan Cullman Sicher
(m. 1981, divorced)Judith Pond
(m. 1986) |
| Education | University of Rochester (BA) Princeton University (no degree) |
Lawrence Alan Kudlow, born on August 20, 1947, is an American financial expert, journalist, and political commentator. He is well-known for sharing his ideas about the economy on TV and radio. From 2018 to 2021, he worked for the Trump Administration as the director of the National Economic Council. This council helps the President with economic decisions.
Before working for the government, Kudlow was a financial news host on CNBC. After his time in the Trump Administration, he became a financial news commentator for Fox Business. By 2024, he was also the vice chair of the America First Policy Institute. This group works on new ideas for government policies.
Kudlow started his career at the New York Federal Reserve. He then worked on Wall Street as a financial analyst. In 1981, he joined the government again. He worked for President Ronald Reagan in the Office of Management and Budget. After leaving the Reagan Administration, he returned to Wall Street. He was the chief economist for Bear Stearns from 1987 to 1994. Later, he became a commentator on economics and finance.
Contents
Early Life and Education
Larry Kudlow was born and grew up in New Jersey. His family is Jewish. He went to The Elisabeth Morrow School and then the Dwight-Englewood School.
He earned a bachelor's degree in history from the University of Rochester in 1969. He also studied at Princeton University for a master's program. However, he left Princeton before finishing his degree. Kudlow says his history studies at Rochester included many economic topics.
His Career Journey
Starting Out in Economics
Kudlow began his career as an economist at the Federal Reserve Bank of New York. He worked in the part of the Fed that handles how money moves in the economy.
In the 1970s, Kudlow was involved in political campaigns. He worked for Joseph Duffey's senatorial campaign in Connecticut. He also worked on Daniel Patrick Moynihan's U.S. Senate campaign in 1976.
Working for President Reagan
During President Ronald Reagan's first term (1981–1985), Kudlow held an important role. He was an associate director for economics and planning. This job was in the Office of Management and Budget (OMB). The OMB is part of the President's team.
In the Financial World
In 1987, Kudlow became the chief economist for Bear Stearns. This was a large financial company. He also advised Arthur Laffer, a well-known economist. Laffer is famous for his ideas about how tax levels affect government money.
Kudlow was also a member of the board of directors for Empower America. This group focused on economic ideas. He also advised American Skandia Life Assurance, an insurance company.
Media and Commentary
In May 2001, Kudlow became the Economics Editor at National Review Online. He started hosting shows on CNBC in 2001. One show was called Kudlow & Cramer, which he hosted with Jim Cramer. Later, the show was renamed Kudlow & Company and then The Kudlow Report. His show on CNBC ended in March 2014.
Kudlow also appeared as a guest on other CNBC shows like Squawk Box. From 2004, he co-hosted The John Batchelor Show on radio. In March 2006, he started his own talk radio show, The Larry Kudlow Show, on WABC. This show was also broadcast across the U.S.
Leading the National Economic Council
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In March 2018, President Donald Trump chose Kudlow to lead the National Economic Council. He took on this role on April 2, 2018. He took over from Gary Cohn.
Kudlow often shared his views on economic policies. For example, he discussed the Tax Cuts and Jobs Act of 2017. He also commented on the work of the nonpartisan Congressional Budget Office.
In April 2018, Kudlow made a public apology to Nikki Haley. This was after he mistakenly said she had announced new sanctions on Russia.
During his time in the White House, Kudlow often spoke about the economy. He discussed topics like economic growth and foreign investment. He also commented on the United States–Mexico–Canada Agreement.
In February 2020, as the COVID-19 pandemic began, Kudlow commented on efforts to control the virus. In June 2020, during protests against racism, he shared his views on systemic racism in the U.S.
Joining Fox Business
In February 2021, Larry Kudlow joined the Fox Business Network (FBN). He became a host for a weekday show called "Kudlow." His program gives viewers economic insights and market analysis. It also features discussions on financial policies with experts and politicians. His show focuses on economic topics from a generally conservative point of view.
He decided to continue his work at Fox Business. He did not accept an offer to serve in Donald Trump's second administration.
Political Views
Economic Ideas
Larry Kudlow describes himself as a "Reagan supply-sider." This means he supports ideas like cutting taxes and reducing government rules. He believes that lower taxes encourage the economy to grow. He also thinks this growth can help increase tax money for the government.
Kudlow often comments on economic matters. He was the chief economist for Bear Stearns for several years. He supported tax cuts made by President George W. Bush. He believed these cuts would lead to a strong economic boom.
In 2015, a book called Superforecasting mentioned Kudlow. It used his past predictions to explain common mistakes in forecasting. Before joining the White House, Kudlow supported free trade. He even wrote an article against tariffs, which are taxes on imported goods. However, after joining President Trump's team, he supported the steel and aluminum tariffs. He saw them as a way to negotiate.
Political Stances
In 2002, Kudlow wrote an article suggesting the U.S. should attack Iraq. He believed it was important for the economy and national security.
In 2016, Kudlow supported Donald Trump for president. He defended Trump's plan to build a wall along the Mexico–United States border. He said it was needed to protect the country. He also encouraged other conservatives to support Trump.
After the 2018 G7 Summit, Kudlow criticized Canadian Prime Minister Justin Trudeau. He said Trudeau had "stabbed us in the back."
Personal Life
Kudlow has been married three times. In 1974, he married Nancy Ellen Gerstein. In 1981, he married Susan Cullman Sicher. In 1986, he married Judith "Judy" Pond, who is a painter.
Kudlow later converted to Catholicism. He is a member of the Catholic Advisory Board of the Ave Maria Mutual Funds. He also served on the board of trustees for Fordham University.
On June 11, 2018, Kudlow had a "very mild" heart attack. He was taken to the Walter Reed National Military Medical Center. White House officials said he was doing well and expected to recover fully. He was discharged from the hospital on June 13.
Books
- American Abundance: The New Economic & Moral Prosperity, 1997
- Bullish On Bush: How George Bush's Ownership Society Will Make America Stronger, 2004 (co-authored with Stephen Moore)
- Tide: Why Tax Cuts Are the Key to Prosperity and Freedom, 2005
- JFK and the Reagan Revolution: A Secret History of American Prosperity, 2016 (with Brian Domitrovic)
See also
In Spanish: Lawrence Kudlow para niños
