Conservative commentator and economic analyst Larry Kudlow has accepted the job of chairman of the White House National Economic Council, filling the vacancy left by Gary Cohn, according to a statement issued by the White House.

Why it matters: A source earlier told Axios' Jonathan Swan that President Trump thinks Kudlow can get him good TV coverage. As CNBC's Jim Cramer put it: "The president, I believe, is listening to Larry Kudlow on our air, and likes what he hears."

Editor's note: This post has been updated to reflect Kudlow's acceptance of the job.