Dean James at Right Wing Tribune
President Donald Trump intends to nominate Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, for a seat on the Federal Reserve Board, according to Bloomberg.
Trump plans to announce his selection very soon, said three people, who asked not be identified discussing the nomination because it hasn’t been announced. Cain would fill one of two open seats on the board; the president plans to name Stephen Moore, a visiting fellow at the Heritage Foundation and a long-time Trump supporter, for the other.
It was reported at that time Cain’s name was also a leading pick for other posts in the administration, Daily Caller News Foundation reported.
Cain, 73, has been a vocal supporter of Trump and co-founded the America Fighting Back pro-Trump super PAC in September. The super PAC’s website aims to “fight back” against the attack on America by those who wish to impeach Trump and his agenda.
Cain, has had a successful business career in the food industry, serving as longtime CEO and chairman of Godfather’s Pizza from 1986 until 2002 as well as CEO of the National Restaurant Association from 1996 to 1999.
Cain also served four years on the Federal Reserve Bank of Kansas City, ascending to the position as chairman in 1995 after serving as deputy chairman from 1992-1994.
On financial matters, Cain has talked about returning the U.S. to the Gold Standard and has defended higher interest rates, saying in January, “I am not as afraid of inflation as I am of deflation,” he said. “You can stop inflation faster than you can decelerate in deflation mode.”
Some GOP senators had a mixed reaction to Cain.
The White House did not immediately respond to a request for comment on the reports.
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