Trump expected to name Herman Cain to the Fed

Former Republican presidential candidate Herman Cain addresses the Americans for Prosperity Presidential Forum on Feb. 25 2012 in Troy Mich. President Trump says he plans to nominate Cain to a vacant spot on the Federal Reserve Board

"President Donald Trump said Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, is being vetted for a seat on the Federal Reserve Board".

Neither Cain nor Moore are technically trained academic economists, which alarms many, although, as has been argued by former Federal Reserve Bank of Dallas analyst Danielle DiMartino Booth, board members with more varied real-world experience might be useful voices in central bank decision-making. Trump, meanwhile, has continued to rail against the Fed, even as he has said he will nominate conservative commentator Stephen Moore, a proponent of rate cuts, for a second vacant seat on the Fed Board. The PAC's website says it was founded by "a group of President Trump's most committed supporters to fight this vile and uncalled for propaganda". Each of the 12 regional Fed banks has a nine-person board that includes local executives. I told my folks that's the man.

Trump has been a vocal and strident critic of the Fed's rate hikes under Jerome Powell, whom the president picked two years ago to chair the US central bank.

On Wednesday, White House economic adviser Larry Kudlow shrugged off the President's reported remarks, suggesting they may have been intended "lovingly".

The Fed has since put its rate hikes on hold, citing a slowdown in growth as well as global and other risks.

Netanyahu meets Putin in Moscow; soldier's remains returned to Israel
Netanyahu said he notified the family that Baumel's remains will be flown back to Israel. The visit of Israeli premier came days before the Israeli parliamentary elections.

Romney was referring to Cain's proposal from his 2012 presidential campaign that would erase all existing taxes and implement a 9 percent personal income tax, a 9 percent federal sales tax, and a 9 percent corporate tax. Cain served in various positions in the Kansas City Federal Reserve in the 1990s and as CEO of the Godfather's Pizza chain.

But his popularity slipped amid sexual harassment allegations from several women, which he denied as "completely false".

The previous evening, Mr Trump once again had taken to social media to accuse the central bank of unnecessarily damaging the economy after a series of interest rate rises in 2017 and 2018.

Trump, however, has grown increasingly unhappy with Fed decisions under Powell's direction, especially after the stock market took a nosedive a year ago as the central bank was hiking rates four times.

Related News:

  • American Kidnapped In Uganda, Held For Ransom, Police Say

    American Kidnapped In Uganda, Held For Ransom, Police Say

    The park, known for its endangered mountain gorillas, was closed to tourists following the incident and reopened in February. The US State Department spokesperson said its security forces were responding to the incident, but gave no further details.
    Christchurch mosque suspect to undergo mental health check

    Christchurch mosque suspect to undergo mental health check

    Following the attack, New Zealanders came together to offer support and solidarity to the victims and the wider Muslim community. The 28-year-old Australian appeared in Christchurch High Court via video link overnight - with victim's families watching on.
    Tripoli risks descending into conflict as Libyan rivals make contradictory victory claims

    Tripoli risks descending into conflict as Libyan rivals make contradictory victory claims

    Meanwhile residents in Misrata said armed groups from the city had begun moving towards the Libyan capital, Reuters reported. Fearing a spillover of refugees, neighboring Tunisia has tightened its control over its border, said its defense ministry.
  • Mosque massacre suspect to face 89 charges in court

    Mosque massacre suspect to face 89 charges in court

    The names of the 39 people who it is alleged Tarrant attempted to murder have been suppressed on an interim basis, the court said. Survivor Tofazzal Alam lay down in the Linwood mosque to avoid being shot during the attack and never saw the gunman up close.
    US Mulls Renewing Waivers to Countries Importing Iranian Oil

    US Mulls Renewing Waivers to Countries Importing Iranian Oil

    He added that they, instead, are trying to appease Donald Trump by pressuring United Nations over Iran's missile program. The official added the sanctions had reduced Iranian oil exports by as much as 1.5 million bpd since May past year .
    Loughlin, Huffman due in court in college admissions scam

    Loughlin, Huffman due in court in college admissions scam

    The court appearances came after a report indicated neither actress would likely get a plea deal without prison time. As for 56-year-old Huffman, a source close to the actress told ET that she's focused on her privacy.
  • Round 2 of Augusta National Women’s Amateur begins

    Round 2 of Augusta National Women’s Amateur begins

    At 14, Alex Pano is the youngest player competing in the Augusta amateur, but something of a veteran of the hallowed grounds. Now we have some answers to how much damage the new Augusta tournament has done to the ANA's tradition.
    Rangers boss Steven Gerrard handed touchline ban - Scottish Premiership 2018

    Rangers boss Steven Gerrard handed touchline ban - Scottish Premiership 2018

    Andy Halliday received a post-match red card for remonstrating with Brown over his celebrations in front of the Rangers fans. Brown was also struck by Ryan Kent during the game with the Rangers winger challenging a two-match ban today.
    S. Korea launches 5G networks ahead of schedule

    S. Korea launches 5G networks ahead of schedule

    In the UK, EE is to launch 5G networks in cities later this year, along with 5G compatible phones from companies such as Samsung. In Japan, 5G is expected to become available in some parts of the country in the summer at the earliest .
  • Prince Harry slams Fortnite

    Prince Harry slams Fortnite

    Prince Harry says social media may be more harmful than drugs and alcohol, days after joining Instagram with wife Meghan Markle . Prince Harry also called for further progress in "normalising the conversation" around mental health.
    Google Assistant Rolls Out Its First Celebrity Voice Cameo with John Legend

    Google Assistant Rolls Out Its First Celebrity Voice Cameo with John Legend

    Shoppers can use Walmart Voice Order on Smart Displays like Google Home Hub , Android phones, iPhones, watches, etc. Google first announced the cameo appearance during its I/O Developers Conference in May of previous year .
    Lauren Sanchez files for divorce after Jeff Bezos split finalized

    Lauren Sanchez files for divorce after Jeff Bezos split finalized

    Jeff Bezos , 55, re-tweeted MacKenzie's statement and added in a separate post that he was grateful "for her support and for her kindness in this process".


Most liked

Flight management system crash causes airline delays across US
FlightAware , an airline tracking website, said Southwest had delayed 775 flights, or 18 percent of its USA flights on Monday. The airline anticipated scattered delays and said travellers should check its website for the updates on specific flights.

Pres. Trump met with support during visit to border town Calexico, Calif.
Then in a message to those heading for the United States, he said: "The system is full and we can't take you anymore". Trump will visit a 2.25-mile stretch of a newly built border wall in Calexico, similar to the one in San Ysidro.

NASA Highlights Science on Next Northrop Grumman Mission to Space Station
On March 27, India achieved a magnificent feat by shooting down its own low-orbit satellite with a ground-to-space missile. India has the capacity to hit target up to 1000 km and the test was intentionally held at a lower height.

Motorola could bring out a flagship with five cameras
Apart from the design of the Moto P40 Play, we have no other information about the specifications available to us right now. Motorola has been climbing its way up the smartphone market and has brought innovation to the general smartphone market.

Hall-of-Fame ex-Braves skipper Cox in hospital
The following year his No. 6 jersey was retired and he was inducted into the Atlanta Braves Hall of Fame . Cox was on-hand for Monday's game at Sun Trust Field where the Braves defeated the Cubs 8-0.

Trump is tilting at wind farms again
Here's video of Trump talking about wind mills at the NRCC dinner tonight: "They say the noise causes cancer ". President Trump has said some pretty stupid sh*t as President. "I know a lot about wind", the Republican said.

Prince Harry and Meghan 'move to Windsor' ahead of baby Sussex's arrival
Their new home - Frogmore Cottage - sits in the grounds of Frogmore House, where they held their wedding reception in May 2018. Harry and Meghan's office will be based at Buckingham Palace.

McLaren Grand Tourer sheds its silhouette-masking camo
Aesthetics of the McLaren Grand Tourer is elegant and is evident by the flowing design which befits a McLaren . The GT will also be the only new vehicle to share its DNA with McLaren's hyper-GT - the Speedtail .

President Trump gets his father's country of birth wrong - again
Friedrich Trump was expelled from Germany in 1905, apparently because he had emigrated illegally. Trump's grandfather, it is worth noting, was born in Germany .

Chelsea star Hazard advises Hudson-Odoi on success
The forward went on to produce a magnificent performance, assisting Chelsea's opening goal scored by Olivier Giroud . Now he is very good midfielder. "So we need him at his top level in the last two months".

India's anti-satellite test was a 'terrible thing'
But probability of that, I think, is low...the good thing is that it is low enough and over time this will all dissipate. Indian officials said the test was done in the lower atmosphere to ensure there are no pieces orbiting around the Earth.

Mortal Kombat 11's Second Brand-New Fighter Is Cetrion, The Elder God
This would be the first time a current Elder God will have a major role in the story mode of a Mortal Kombat game. A completely new character has been revealed for the upcoming Mortal Kombat 11 game .

Kevin Durant gets ejected for going after official
Curry and the rest of the team was seen laughing at a referee for missing a potential four-point play. Since Friday both teams have played games and Golden State regained a one-game lead over Denver.

New York Jets New Jersey, Uniforms & Gear (2019)
While the Jets are clearly pretty excited about their new jerseys, Shazier is not the only one to disapprove of the new jerseys. Meanwhile, Jets safety Jamal Adams said he was "overwhelmed by the number of people out there buying the new jerseys".

European Union can not be 'held hostage' to Brexit crisis - Macron
German Chancellor Angela Merkel will visit Dublin on Thursday, as pressure mounts over Parliament's failure to ratify the withdrawal agreement.