Trump Wants to Name Political Loyalists to Federal Reserve Board

Reports: Trump Considering Herman Cain For Fed Board

A candidate for the Republican Party's nomination in the 2012 presidential elections, he suspended his campaign following allegations of sexual misconduct, which he denied.

Cain would also likely be asked by senators about an opinion piece he wrote in the Wall Street Journal in 2012, in which he advocated for a return to the gold standard.

Trump told reporters Thursday that he believed that after the background checks Cain would "be in great shape". "But he likes Cain and wants to put him on there", said a senior official who has discussed the matter with the president. In addition to selecting Powell for the top job, Trump has nominated all the current Fed board members with the exception of Lael Brainard, who was nominated by Barack Obama.

Neither Moore nor Cain has officially been nominated for the Federal Reserve Board.

With two seats open, the President could seize the opportunity to appoint nominees who disagree with how Powell has steered the central bank's interest rate policy. Cain has recently been running a pro-Trump political action committee, America Fighting Back; Moore was a former Trump economic adviser during his 2016 campaign. It features a photo of the president on its website and says, "We must protect Donald Trump and his agenda from impeachment". But his candidacy imploded after he was accused of sexual harassment during his time at the helm of the National Restaurant Association in the 1990s, and an Atlanta woman alleged they had an affair for 13 years.

Mr Cain is well known for a series of gaffes and eyebrow-raising lines during his time as a contender for the Tea Party, a conservative movement within the Republican Party, during the party's primaries in 2011 and 2012.

Every free NES game added to Nintendo Switch Online in April 2019
The good news is that you can totally avoid this disappointing situation by always keeping a second controller handy for backup. Dream was supplanted instead in the games, and we haven't seen an official Punch-Out! featuring Mike Tyson in some time.

Cain called the allegations false but said he had "made mistakes in my life".

Trump has been highly critical of Powell, the person he picked to be Fed chairman after deciding that he would not renominate Janet Yellen.

Trump a year ago called the Fed "crazy" and "out of control" for pursuing four interest rate hike as the economy sped up in the wake of recent tax cuts and fiscal stimulus.

The White House did not immediately respond to a request for comment on the reports.

Even with that change, Trump has kept up his attacks on the Fed.

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