Tags: Trump Administration | trump | fed | board | herman cain

Trump Considering Herman Cain for Fed Board Seat, Official Says

facade on the federal reserve building in washington dc
(Paul Brady/Dreamstime)

Thursday, 31 January 2019 12:25 PM

U.S. President Donald Trump is considering former pizza chain executive and presidential candidate Herman Cain for a seat on the Federal Reserve Board, a senior administration official said on Thursday.

Cain met with Trump at the White House on Wednesday, the official said. A decision on the nomination, which would need Senate approval, is not final.

Neither the White House nor a spokesman for Cain immediately responded to requests for comment.

There are currently two vacancies on the seven-member Fed board.

The news was first reported by Bloomberg.

Cain made his fortune as chief executive of Godfather's Pizza before making a bid to be the Republican candidate in the 2012 presidential election.

He led the polls for a while in the Republican primary, buoyed by his signature 9-9-9 tax proposal, which would have levied a flat 9 percent corporate, income and sales tax.

But his popularity slipped amid sexual harassment allegations from several women, which he denied. Ultimately, Mitt Romney, now a Utah senator, won that nomination, but lost the election to former President Barack Obama. 

© 2019 Thomson/Reuters. All rights reserved.

   
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U.S. President Donald Trump is considering former pizza chain executive and presidential candidate Herman Cain for a seat on the Federal Reserve Board, a senior administration official said on Thursday.
trump, fed, board, herman cain
176
2019-25-31
Thursday, 31 January 2019 12:25 PM
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