President-elect Donald Trump would be wise to appoint a supporting cast of free-market conservatives to his administration, Forbes Media CEO Steve Forbes tells Newsmax TV.
"They've got to get some of these people in because the president can do so much but you got to have a supporting cast or at least some players in there who can push this agenda," Forbes told "Newsmax Prime" host J.D. Hayworth on Wednesday.
Among his picks, Forbes touted Newsmax Finance Insiders Larry Kudlow and Stephen Moore for possible positions in Trump's administration.
"I hope Larry Kudlow gets in perhaps as the head of the Council of Economic Advisers. Perfect post for him," said Forbes, author of "Reviving America."
"Stephen Moore, whether it's in the White House or with Vice President-elect Pence. Very critical to have his voice in there," said Forbes.
"Others like David Malpass who understands the Fed better than anyone else. Get him in there. He was a supporter of Trump," Forbes said.
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As far as advice to Trump on his economic strategy, Forbes thinks "the real battle is going to come on the economic front. I think they should push for a massive big tax cut right up front, throw the Congressional Budget Office aside and say we need something big to get this economy moving so people feel it right away."
And in Forbes' mind, Trump has made just the right selections in Gary Cohn as director of the National Economic Council and an assistant to the president for economic policy and former Goldman partner and mortgage trader Steven Mnuchin as Secretary of Treasury. Cohn had been second-in-command at Goldman Sachs
"I think the key thing is, and Trump will make the decision, he's got to make clear this is what he wants done. I think Gary Cohn will go along with it. He's not a policy guy. I think Mnuchin will go along with it. The key is the top has to say this is what has to be done," Forbes said.
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