{"id":18870,"date":"2019-04-04T13:40:26","date_gmt":"2019-04-04T21:40:26","guid":{"rendered":"https:\/\/associatednews.info\/content\/trump-to-recommend-pizza-magnate-herman-cain-for-fed-post\/"},"modified":"2019-04-04T13:40:26","modified_gmt":"2019-04-04T21:40:26","slug":"trump-to-recommend-pizza-magnate-herman-cain-for-fed-post","status":"publish","type":"post","link":"https:\/\/associatednews.info\/content\/trump-to-recommend-pizza-magnate-herman-cain-for-fed-post\/","title":{"rendered":"Trump To Recommend Pizza Magnate Herman Cain For Fed Post"},"content":{"rendered":"<p><span style=\"font-style:italic;font-size:16px\">By  <a target=\"_blank\" href=\"https:\/\/www.npr.org\/2019\/04\/04\/710023657\/trump-to-recommend-pizza-magnate-herman-cain-for-federal-reserve-post?utm_medium=RSS&amp;utm_campaign=business\">Scott Horsley<\/a><\/span>  <\/p>\n<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.npr.org\/2019\/04\/04\/710023657\/trump-to-recommend-pizza-magnate-herman-cain-for-federal-reserve-post?utm_medium=RSS&amp;utm_campaign=business\"><img decoding=\"async\" width=\"150\" src=\"https:\/\/media.npr.org\/assets\/img\/2019\/04\/04\/gettyimages-139794707cain_wide-42399153b178b61b31cd8e1a8701653ff5df5e28-s1100-c15.jpg\" alt><\/p>\n<div>\n            <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/media.npr.org\/assets\/img\/2019\/04\/04\/gettyimages-139794707cain_wide-42399153b178b61b31cd8e1a8701653ff5df5e28-s1200.jpg\"><\/a><\/div>\n<div>\n<div>\n<div>\n            <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/media.npr.org\/assets\/img\/2019\/04\/04\/gettyimages-139794707cain_wide-42399153b178b61b31cd8e1a8701653ff5df5e28-s1200.jpg\">Enlarge this image<\/a>\n        <\/div>\n<\/div>\n<div>\n<div>\n<div>\n<p>\n                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.<\/p>\n<p>                <b><\/p>\n<p>                    Scott Olson\/Getty Images<\/p>\n<p>                <\/b><br \/>\n                <b><b>hide caption<\/b><\/b>\n            <\/p>\n<\/p><\/div>\n<p>            <b><b>toggle caption<\/b><\/b>\n    <\/div>\n<p>    <span><\/p>\n<p>        Scott Olson\/Getty Images<\/p>\n<p>    <\/span>\n<\/div>\n<\/p><\/div>\n<p>President Trump said he wants to appoint former Godfather&#8217;s Pizza CEO and Republican presidential candidate Herman Cain to the Federal Reserve Board. <\/p>\n<p>&#8220;I find Herman to be an outstanding person,&#8221; Trump told reporters during an Oval Office appearance with the vice premier of China on Thursday. &#8220;I would think he would do very well there.&#8221;<\/p>\n<p>Cain, who served as chairman of the Federal Reserve Bank of Kansas City, ran unsuccessfully for president during the 2012 election cycle. He achieved notoriety with his <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.npr.org\/2011\/10\/30\/141803710\/cains-9-9-9-plan-a-hard-sell-in-anti-tax-n-h\">&#8220;9-9-9&#8221; tax plan<\/a>, but dropped out of the race after allegations that he sexually harassed women and cheated on his wife \u2014 allegations <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.washingtonpost.com\/politics\/ginger-white-accuses-herman-cain-of-long-affair\/2011\/11\/28\/gIQA6H6T6N_story.html?utm_term=.01b02cadb97c\">Cain denied in 2011<\/a>.<\/p>\n<p>Trump suggested those old claims would not disqualify Cain from a Fed post.<\/p>\n<p>&#8220;He&#8217;s doing some pre-checking now and I would imagine he&#8217;d be in great shape,&#8221; the president said.<\/p>\n<p>Cain has criticized Federal Reserve policies in the past, suggesting in a <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.wsj.com\/articles\/SB10001424052702304070304577395891113592150\">2012 Wall Street Journal<\/a> column that the U.S. should return to the gold standard.<\/p>\n<aside>\n<div><\/div>\n<\/aside>\n<p><!-- END ID=\"RES710044619\" CLASS=\"BUCKETWRAP INTERNALLINK INSETTWOCOLUMN INSET2COL \" --><\/p>\n<p>Trump has announced plans to fill a second vacancy on the Fed board with another critic, <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.npr.org\/2019\/03\/27\/707312764\/economists-forecast-stephen-moore-wouldnt-be-good-for-fed-post\">Stephen Moore<\/a>, who has echoed the president&#8217;s own complaints that the Fed stifled economic growth by raising interest rates last year.<\/p>\n<p>Moore, a conservative commentator at the Heritage Foundation, has drawn fire from those who say he&#8217;s overly partisan and lacks the economic credentials for a Fed post. The IRS is also seeking to collect more than $75,000 in back taxes from Moore, who insists he doesn&#8217;t owe the government any money.<\/p>\n<p>Neither Moore nor Cain has officially been nominated for the Federal Reserve Board.<\/p>\n<p><strong><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/\">Let&#8217;s block ads!<\/a><\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\">(Why?)<\/a><\/p>\n<p>Source:: <a href=\"https:\/\/www.npr.org\/2019\/04\/04\/710023657\/trump-to-recommend-pizza-magnate-herman-cain-for-federal-reserve-post?utm_medium=RSS&amp;utm_campaign=business\" target=\"_blank\" title=\"Trump To Recommend Pizza Magnate Herman Cain For Fed Post\" rel=\"nofollow\">https:\/\/www.npr.org\/2019\/04\/04\/710023657\/trump-to-recommend-pizza-magnate-herman-cain-for-federal-reserve-post?utm_medium=RSS&amp;utm_campaign=business<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"ftpimagefix\" style=\"float:left\"><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.npr.org\/2019\/04\/04\/710023657\/trump-to-recommend-pizza-magnate-herman-cain-for-federal-reserve-post?utm_medium=RSS&amp;utm_campaign=business\"><img decoding=\"async\" width=\"150\" src=\"https:\/\/media.npr.org\/assets\/img\/2019\/04\/04\/gettyimages-139794707cain_wide-42399153b178b61b31cd8e1a8701653ff5df5e28-s1100-c15.jpg\" alt><\/p>\n<div>\n            <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/media.npr.org\/assets\/img\/2019\/04\/04\/gettyimages-139794707cain_wide-42399153b178b61b31cd8e1a8701653ff5df5e28-s1200.jpg\"><\/a><\/div>\n<div>\n<div>\n<div>\n            <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/media.npr.org\/assets\/img\/2019\/04\/04\/gettyimages-139794707cain_wide-42399153b178b61b31cd8e1a8701653ff5df5e28-s1200.jpg\">Enlarge this image<\/a>\n        <\/div>\n<\/div>\n<div>\n<div>\n<div>\n<p>\n                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.<\/p>\n<p>                <b><\/p>\n<p>                    Scott Olson\/Getty Images<\/p>\n<p>                <\/b><br \/>\n                <b><b>hide caption<\/b><\/b>\n            <\/p>\n<\/p><\/div>\n<p>            <b><b>toggle caption<\/b><\/b>\n    <\/div>\n<p>    <span><\/p>\n<p>        Scott Olson\/Getty Images<\/p>\n<p>    <\/span>\n<\/div>\n<\/p><\/div>\n<p>President Trump said he wants to appoint former Godfather&#8217;s Pizza CEO and Republican presidential candidate Herman Cain to the Federal Reserve Board. <\/p>\n<p>&#8220;I find Herman to be an outstanding person,&#8221; Trump told reporters during an Oval Office appearance with the vice premier of China on Thursday. &#8220;I would think he would do very well there.&#8221;<\/p>\n<p>Cain, who served as chairman of the Federal Reserve Bank of Kansas City, ran unsuccessfully for president during the 2012 election cycle. He achieved notoriety with his <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.npr.org\/2011\/10\/30\/141803710\/cains-9-9-9-plan-a-hard-sell-in-anti-tax-n-h\">&#8220;9-9-9&#8221; tax plan<\/a>, but dropped out of the race after allegations that he sexually harassed women and cheated on his wife \u2014 allegations <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.washingtonpost.com\/politics\/ginger-white-accuses-herman-cain-of-long-affair\/2011\/11\/28\/gIQA6H6T6N_story.html?utm_term=.01b02cadb97c\">Cain denied in 2011<\/a>.<\/p>\n<p>Trump suggested those old claims would not disqualify Cain from a Fed post.<\/p>\n<p>&#8220;He&#8217;s doing some pre-checking now and I would imagine he&#8217;d be in great shape,&#8221; the president said.<\/p>\n<p>Cain has criticized Federal Reserve policies in the past, suggesting in a <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.wsj.com\/articles\/SB10001424052702304070304577395891113592150\">2012 Wall Street Journal<\/a> column that the U.S. should return to the gold standard.<\/p>\n<aside>\n<div><\/div>\n<\/aside>\n<p><!-- END ID=\"RES710044619\" CLASS=\"BUCKETWRAP INTERNALLINK INSETTWOCOLUMN INSET2COL \" --><\/p>\n<p>Trump has announced plans to fill a second vacancy on the Fed board with another critic, <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/www.npr.org\/2019\/03\/27\/707312764\/economists-forecast-stephen-moore-wouldnt-be-good-for-fed-post\">Stephen Moore<\/a>, who has echoed the president&#8217;s own complaints that the Fed stifled economic growth by raising interest rates last year.<\/p>\n<p>Moore, a conservative commentator at the Heritage Foundation, has drawn fire from those who say he&#8217;s overly partisan and lacks the economic credentials for a Fed post. The IRS is also seeking to collect more than $75,000 in back taxes from Moore, who insists he doesn&#8217;t owe the government any money.<\/p>\n<p>Neither Moore nor Cain has officially been nominated for the Federal Reserve Board.<\/p>\n<p><strong><a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/\">Let&#8217;s block ads!<\/a><\/strong> <a target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/blockads.fivefilters.org\/acceptable.html\">(Why?)<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-18870","post","type-post","status-publish","format-standard","hentry","category-business-2"],"_links":{"self":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/18870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/comments?post=18870"}],"version-history":[{"count":0,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/posts\/18870\/revisions"}],"wp:attachment":[{"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/media?parent=18870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/categories?post=18870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/associatednews.info\/content\/wp-json\/wp\/v2\/tags?post=18870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}