Trump says he's recommending Herman Cain to Fed [View all]
Source: CNN
Washington (CNN)President Donald Trump said Thursday that he's recommended Herman Cain, a former pizza executive who dropped his bid for the 2012 Republican presidential nomination amid sexual harassment allegations, for a seat on the Federal Reserve Board.
"I've recommended Herman Cain. A terrific man, a terrific person. He's a friend of mine," Trump told reporters. "I've recommended him highly for the Fed. I've told my folks that that's the man and he's doing some pre-checking now and I would imagine he'd be in great shape."
Since the start of his presidency, Trump has moved to reshape the world's most powerful central bank, appointing four people to the seven-member Fed Board so far.
That includes Chairman Jerome Powell, a former investment banker, who the President has repeatedly accused of trying to undercut him politically by raising interest rates, which Trump believes will slow down the economy.
Read more: https://www.cnn.com/2019/04/04/politics/herman-cain-federal-reserve/index.html?utm_content=2019-04-04T21%3A52%3A34&utm_term=video&utm_medium=social&utm_source=twCN
Link to tweet
Earlier thread as reported by Axios: https://www.democraticunderground.com/10142298098
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