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still_one

(92,217 posts)
Thu Jan 31, 2019, 03:30 PM Jan 2019

Trump 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 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.”


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

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Trump Considering Herman Cain for Federal Reserve Board, Sources Say (Original Post) still_one Jan 2019 OP
dredging the swamp for another best person. so much winning. sad. NRaleighLiberal Jan 2019 #1
Wait, wouldn't he try to raise interest rates to 9%? yellowcanine Jan 2019 #2
DU is a riot malaise Jan 2019 #7
I'm drained of tears, can only laugh hysterically - 9999999!1 UTUSN Jan 2019 #3
I know. This can't be real still_one Jan 2019 #4
Pizza every Sunday still_one Jan 2019 #5
We've been reduced to a fucking reality show, folks. 2naSalit Jan 2019 #6
Why not the "Rent is too damn High" guy he seemed doc03 Jan 2019 #8

doc03

(35,344 posts)
8. Why not the "Rent is too damn High" guy he seemed
Thu Jan 31, 2019, 04:38 PM
Jan 2019

qualified for the Trump Administration. Probably too honest for Trump.

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