Larry Kudlow is the new favorite to replace Gary Cohn

Larry Kudlow, a CNBC television commentator who has informally advised President Trump on economic issues, is currently the top contender to head the National Economic Council, according to three people close to the president.

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Mr. Kudlow emerged Monday as the latest favorite in a changing rotation of potential replacements for Gary D. Cohn, who said he would resign after losing a battle over the president’s longstanding desire to impose large tariffs on steel and aluminum imports.

Mr. Trump spoke with Mr. Kudlow on Sunday and again on Monday, according to two of the people close to the president. The job has not been formally offered, but the president was encouraging of Mr. Kudlow, the people familiar with the discussions said, and he is likely to interview him in the coming days.

Mr. Kudlow declined to comment. “I can’t talk to you,” he said when reached on his cellphone.

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