WASHINGTON--Chairman Erik Paulsen, R-Minn., of the Joint Economic Committee issued the following statement regarding news reports of President Trump's selection of Larry Kudlow as his new top economic adviser:

“President Trump’s rumored selection of Larry Kudlow to be his economic adviser is great news. Mr. Kudlow is a stalwart advocate and capable messenger on growth-oriented policies like tax cuts, regulatory reform, and, especially important, free trade. I look forward to working alongside him as we build on the economic successes of the last year and the Tax Cuts and Jobs Act.”

The Joint Economic Committee, created by the Employment Act of 1946, is a bicameral committee whose mission is to review economic conditions and to recommend improvements in economic policy.