Larry Kudlow, the veteran financial guru and former economist in the Reagan administration, said Congressional delays on healthcare reform is a bigger drag on President Donald Trump’s economic agenda than any fallout from Tuesday’s firing of FBI Director James Comey.
“Everybody was pushing back healthcare a month or two … the Senate was going to consider healthcare more than people initially thought,” Kudlow said on CNBC. “Frankly I think that’s more significant than the Comey firing.”
Kudlow said it’s important for Trump to move past the Comey dismissal and appoint a new FBI director quickly. Former New York Police Department Commissioner Ray Kelly is Kudlow’s top choice.
Comey’s abrupt dismissal was met with a collective market yawn on Wednesday, with the S&P 500 rising throughout the day into positive territory. The Dow Jones Industrial Average declined, mostly on Walt Disney Co.’s disappointing earnings report the night before.
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