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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump Considering Herman Cain for Federal Reserve Board, Sources Say
Herman Cain, the former pizza company executive who ran for the Republican presidential nomination in 2012, is being considered by President Donald Trump for a seat on the Federal Reserve Board.
Cain, 73, was in the White House on Wednesday, according to people familiar with the matter. Two seats on the Fed board are vacant, but nominating Cain raises the prospect of a Senate confirmation hearing focused on the sexual harassment and infidelity accusations that ended his presidential campaign.
The people declined to be identified discussing the matter because Trump hasnt made a decision. Cain was also under consideration for other possible top government posts.
The presidents top economic adviser, Larry Kudlow, said last week that the White House wants Fed governors who understand that you can have strong economic growth without higher inflation.
Cain had a long corporate career and is also familiar with the Federal Reserve system. From 1992 to 1996, he served as a director of the Federal Reserve Bank of Kansas City, as well as deputy chairman and then chairman.
https://www.bloomberg.com/news/articles/2019-01-31/trump-is-said-to-consider-herman-cain-for-federal-reserve-board
NRaleighLiberal
(60,015 posts)yellowcanine
(35,699 posts)It IS his favorite number.
https://en.wikipedia.org/wiki/9%E2%80%939%E2%80%939_Plan
malaise
(269,054 posts)Nicely played
UTUSN
(70,710 posts)still_one
(92,219 posts)still_one
(92,219 posts)2naSalit
(86,647 posts)I think I'll indulge in a brief sad.
doc03
(35,346 posts)qualified for the Trump Administration. Probably too honest for Trump.