Larry Kudlow is a leading contender to replace Gary Cohn

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"Chris has a strong interest in foreign affairs, and is a member of the Council on Foreign Relations, which is now focusing on the president's decisions on tariffs and industry protection", Hope said, questioning whether he might be able to "moderate the President's position on trade".

President Donald Trump has reportedly already picked out his replacement director for the National Economic Council.

Economic analyst Lawrence "Larry" Kudlow appears on CNBC at the New York Stock Exchange, (NYSE) in New York, U.S., March 7, 2018. According to published reports, Trump asked Cohn directly to support tariffs.

CNBC anchor Larry Kudlow is seen on the set of his show "The Call" in 2009.

Peter Navarro, a trade adviser to Trump who pushed for the steel and aluminum tariffs, has also been touted as a candidate for the top economic job, though he has said he is not in the running.

"The president, I believe, is listening to Larry Kudlow on our air and likes what he hears", Cramer said.

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Earlier, we posted about President Donald Trump reportedly calling his Fox & Friend Pete Hegseth to talk about veterans' issues.

Cohn announced his resignation as NEC director last week in a move that was triggered by Trump's decision to impose tariffs on steel and aluminum imports.

"I think those days are over, personally".

During his sendoff to Cohn, Trump mentioned the dispute over tariffs, saying Cohn "is not quite as strong on those tariffs as we want".

The president said last week that Cohn, the former top Goldman Sachs executive, was likely to return to his administration in the future.

The White House said this week that Cohn would leave his gig soon.

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