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.

Related News:



Most liked

Judge Orders Psychiatric Test for Christchurch Shooting Suspect
Brenton Tarrant , 28, has appeared in court on Friday after he was charged with a further 49 counts of murder on Thursday. The courtroom was filled with more than two dozen reporters and about 60 members of the public.

When should the Colts address WR position in NFL Draft?
Terrell Owens, a recent inductee to the Pro Football Hall of Fame , will announce the San Francisco 49ers ' third-round pick. Wayne himself was the Colts' first-round (30th-overall) selection in the 2001 NFL Draft out of the University of Miami.

UK's Theresa May asks European Union for Brexit delay until June 30
The EU says it's prepared for no deal and has been talking up the prospects of such a scenario, but in private officials expect it to be avoided.

MacKenzie Bezos Will Become The World's Fourth Richest Woman
Lauren Sanchez , the woman dating Amazon CEO Jeff Bezos , has filed for divorce from her husband, TMZ reported . He'll still be the company's biggest shareholder when the divorce is complete, with a 12% stake in Amazon.

Montoyo not worried about Blue Jays struggling offence to start season
The 10,460 is the smallest crowd at Rogers Centre since April 19, 2010, when 10,314 came out to see the Royals at Rogers Centre. Louis Cardinals in a deal that sent right-handed pitchers Dominic Leone and RHP Conner Greene the other way.

Number of 2019 measles cases surpasses total for 2018
About 400 to 500 of those died, 48,000 were hospitalized and 1,000 developed the brain inflammation encephalitis, the CDC said. A number of measles cases in NY state have been found among children of Orthodox Jewish families, ABC News also reported .

Facebook unlikely to be concerned by Australia's tough new social media law
The crime would be punishable by three years in prison and a fine of 10.5 million Australian dollars. After which, Parliament will sit for elections in May.

United Nations chief tells Haftar's fighters to stay out of Tripoli
Government forces say they've retaken a key checkpoint from Haftar's loyalists some 30 kilometers from the capital. A military source was quoted as reporting fighting in the area and two other zones by the broadcaster Al Ahrar.

Third Grand Canyon tourist dead in 8-day span
At the start of this week, it was reported that a tourist from Hong Kong fell to his death while trying to take photographs. A few days before, another tourist was found dead near the South Rim, according to a statement released by the park.

EU condemns stripping of immunity from Venezuela's Guaido
Guaido visited several South American countries last month to seek support for his efforts to force Maduro to step down. Guaido assumed the presidency of the National Assembly, which is now being held in contempt, in early January.

Browns to sign AAF QB Gilbert, FA safety Burnett
Cleveland also signed quarterback Garrett Gilbert , who was out of a job after the American Alliance of Football folded this week. Louis Rams and spent time with New England, Detroit, Oakland and Carolina, where he played in one game before being released.

Prince Harry wants Fortnite banned, says it's 'so irresponsible'
Britain's Prince Harry and Meghan, Duchess of Sussex , arrive at the Casablanca Airport in Casablanca, Morocco, February 23, 2019. When talking specifically about the battle royale , Fornite, he said , "The game shouldn't be allowed ".

Xbox One price warning
In other words, you still have time to grab a subscription at the regular price before the changes are implemented. An annual Xbox Live Gold membership is $60 and 12 months of Game Pass is $120, which works out to $180 per year.

Liverpool return to the Premier League summit with crucial win at Southampton
A first goal after a while. "It is a hard year for everybody, you need to have 70-75 points for the Champions League and 90-something for the the title".

Burger King jumps on meat-free bandwagon, launches vegan 'Whopper' burger
Burger King is trialling a new plant-based version of its classic Whopper as the appetite for vegan products continues to grow. It has been described as the Whopper's "twin" by the burger's manufacturer, and contains 17g of protein and zero cholesterol.