Trump Considering Herman Cain for Federal Reserve Board, Sources Say

[jct74]

Trump Considering Herman Cain for Federal Reserve Board, Sources Say

By Jennifer Jacobs
January 31, 2019

Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, 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 asked not to be identified discussing Trump’s private deliberations. Cain was also under consideration for other unspecified senior government posts, they said.

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 in September co-founded a pro-Trump super PAC, America Fighting Back PAC, which features a photo of the president on its website and says: “We must protect Donald Trump and his agenda from impeachment.”

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. He advocated for the U.S. to return to the gold standard during his presidential campaign and as recently as December 2017 defended higher interest rates, a position that contrasts with Trump’s repeated criticisms of the Fed last year.

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https://www.bloomberg.com/news/arti...onsider-herman-cain-for-federal-reserve-board

 

[TheTexan]

I'm looking forward to a %9.99 interest rate

 

[RonZeplin]

I'm looking forward to a %9.99 interest rate

Since they want to reduce rates, Herman might flip it to 6.66%?

 

[Anti Globalist]

Please no.

 

[Cap]

 

[Swordsmyth]

Reminder, Herman Cain is no friend of fiat, and wants the Gold Standard.

 

[Schifference]

Trump should consider Jimmy Mcmillian

 

[Cap]

I think Vermin Supreme is a better choice to be honest.

 

[Krugminator2]

The idea that this guy is even remotely qualified for this job is bonkers. This is like putting an internet message board commenter on the Federal Reserve Board.

 

[Swordsmyth]

The idea that this guy is even remotely qualified for this job is bonkers. This is like putting an internet message board commenter on the Federal Reserve Board.

Maybe you don't have to be qualified if your job is to help destroy the institution?

 

[Stratovarious]

The idea that this guy is even remotely qualified for this job is bonkers. This is like putting an internet message board commenter on the Federal Reserve Board.

Obama thought we had 57 states.
I think Herman is smart enough for this position.
Lets dismantle the Fed Reserve while we're in there.