Trump Considering Herman Cain for Federal Reserve Board, Sources Say

[demmiblue]

Source: Bloomberg

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 hasn’t made a decision. Cain was also under consideration for other possible top government posts.

The president’s 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.”

Read more: https://www.bloomberg.com/news/articles/2019-01-31/trump-is-said-to-consider-herman-cain-for-federal-reserve-board

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Link to tweet

[Sneederbunk]

1. Only the best people?

[IronLionZion]

2. So he wants someone to keep juicing the stock market

and stop raising interest rates.

Last year, Trump repeatedly attacked U.S. Federal Reserve Chairman Jerome Powell for raising interest rates, and Bloomberg News reported last month that the president had even discussed firing him. One way the president can directly influence monetary policy is through nominations to the Fed board, though anyone he picks must be confirmed by the Senate.

America’s central bankers find themselves at a pivotal moment. They concluded their quarterly meeting on Wednesday with a signal that they were pausing rate hikes, and expressed more flexibility to alter their balance sheet runoff plans, which have been criticized by Trump. The policy rate was left unchanged.

[Turbineguy]

3. Maybe trump realizes he's on the skids

and has to do as much damage as possible in what limited time he has left?

[underpants]

4. That statement by Kudlow

[JustABozoOnThisBus]

5. Trump couldn't have thought this up.

It had to be Bannon, Miller, and Mulvaney, always looking for ways to screw up government.

[New Hampshire Man]

6. More smokescreen from the Dotard

Nine - Nine - Nine

[sakabatou]

7. Ugh....

[fleur-de-lisa]

8. Pizza guy?

[912gdm]

9. they guy with the 9-9-9 tax plan?

based on the game SimCity?

[Yavin4]

10. And this is why I have gold and silver physical metals

Just for this reason.

[Laurian]

11. We are living in a cartoon world.

Total Looney Tunes.

[SQUEE]

19. No, not Looney tunes.

Pokemon.

[catbyte]

12. Mr. 9-9-9? Perfect.

[crazycatlady]

35. should be 69-69-69

Based on his sexual misconduct

[DallasNE]

13. 9-9-9

It takes more than a PR individual to understand complex macro economics. Cain and his 9-9-9 PR gimmick shows that he is not that individual.

[NurseJackie]

14. He can't be serious! He's just fucking with us now!

[fleur-de-lisa]

15. Didn't he drop his presidential candidacy because of sexual harassment allegations?

[Marcuse]

28. By five women.

[louis-t]

16. My head hurts from smacking it so much.

I must have smacked myself 999 times.

[TheCowsCameHome]

26. Here, let me help.

Next, you can do it to me.

[mac56]

17. I asked a German friend if he thought Cain would be a good President.

He answered, "Nein, nein, nein."

[flibbitygiblets]

38. For the Russian puppets out there, let me add a NYET!

For the Wizard of Oz fan out there, let me add a "No how, No WAY!"

[Bleacher Creature]

18. As awful as Senate Republicans are, it's hard to see them going along with this. NT

[LudwigPastorius]

20. I guess every group needs the goofy loser they can tease and laugh at.

Pizza guy will fit right in with the Economics professor and former Treasury officials on the board.

[not fooled]

21. Geez

dumbass donnie is trying to break even the Fed, by appointing a corrupt incompetent crony who will be loyal and do what donnie wants.

He succeeded in getting Powell to back down on rate hikes yesterday (now fewer, slower) by criticizing the Fed, in order to keep the stock market bubble going. But, such a policy shift leaves the country in a dangerous position when the inevitable recession/crash happens, with insufficient room to lower rates to stimulate a recovery. donnie doesn't care as long as he can postpone the downturn and keep interest he pays lower.

[SunSeeker]

22. Trump appointing an imbecile like Herman Cain would crash our economy.

I bet Putin thinks it's a great idea.

[trusty elf]

23. Plan 999 from Outer Space

[fleur-de-lisa]

29. Hilarious!

[brooklynite]

24. How has Sarah Palin NOT gotten an appointment to something?

[groundloop]

33. Tiny fears women who are smarter than him

[Vinca]

25. Great. He can advise on Ubeckybeckybeckistan.

[Gothmog]

27. Herman Caine is not qualify for this role

[fleur-de-lisa]

30. I wonder if Trump thinks this will help him win the AA vote.

But as I recall, black people thought Herman Cain was a joke.

[sinkingfeeling]

31. Does one have to be a sexual predator or adulterer to qualify for an appointment by

this mis-administration?

[End Of The Road]

37. That, plus this..

Cain is one of those Christian loonies who wants theocracy to welcome in the second coming of JC.
Tons of them in Trumps admin..

[Aristus]

32. "Ubeki-beki-beki-stan-stan" man?

[FSogol]

34. LOL, is Dennis Rodman too busy?

[SKKY]

36. "BIG POTATO MOTHS!"

[truthisfreedom]

39. The "I won't be here" president wants to juice the economy

So he looks good. This is why he still snorts adderall and eats junk food. He juices his own system with no thought to the future.