Cain's possible Fed nomination in peril as Republican opposition mounts

McConnell won't say if Senate would back Herman Cain for Fed

Larry Kudlow, White House economic council director, told ABC News that the president is sticking by his plans for now.

President Donald Trump's embattled nominee for the Federal Reserve board, Stephen Moore, defended himself Thursday against accusations that he's unqualified for the role and asserted that the central bank can be "divorced from politics".

"Trump tells colleagues that" I've told my folks that's the man". Trump has also nominated conservative economist Stephen Moore to the Federal Reserve's board of governors.

Powell briefed House Democrats in a closed-door session at their annual retreat on Thursday evening but declined to comment on Trump's candidates for the Fed, lawmakers said afterwards.

A former CEO of Godfather's Pizza, cain, ran for the 2012 Republican nomination but fell out after allegations of adultery and sexual harassment. He dropped out of the race after allegations of sexual harassment and infidelity, which he denied.

Cain is now undergoing a background check, as is Trump's other controversial Fed pick, conservative economic commentator Stephen Moore. Kevin Cramer, R-N.D., all said they would oppose Cain's appointment to the Fed.

"I've recommended Herman Cain".

Redmi flagship with hole-punch display, triple cameras surfaces in video leak
The smartphone sports a 16-megapixel selfie camera and dual-rear cameras including 12-megapixel and 5-megapixel sensors. Moreover, Redmi General Manager, Lu Weibing also mentioned a Redmi phone with 32 MP front camera on his Weibo account .

THE International Monetary Fund (IMF) warned of "dangerous" consequences for the U.S. economy if moves such as President Donald Trump's calls for Federal Reserve interest-rate accommodation lead to monetary policy mistakes. I know him. I know his philosophy, I know his economic positions, I know his credentials, I know his heart, and I think he'd be a good addition to the Fed. At the meeting, which was held in the White House Situation Room, an aide passed Trump a note informing him that Cain was in the building.

U.S. Senate Majority Leader Mitch McConnell on Thursday withheld comment on whether he would support Herman Cain to serve on the Federal Reserve Board, saying that he would wait to see "who is actually nominated".

"I don't think we have a nomination", McConnell said in an interview when asked about Cain.

Jeffries, chairman of the House Democratic Caucus and a possible eventual successor to Pelosi, derided Trump's choice of Moore and Cain. One is a background check and the other is the likelihood of confirmability.

A number of presidents have appointed campaign advisers or administration officials to the Fed's board of governors, but there isn't recent precedent for someone as politically adversarial as Cain.

Recently, America Fighting Back criticized the 12 GOP senators who voted to reject the president's national emergency declaration to begin border wall construction.

Related News:



Most liked

Prowling Tiger produces roars at Augusta as leaderboard a logjam of stars
And then the three-time Masters champion moves on to talk about how he's looking forward to playing with his good friend, Kuchar. Bryson DeChambeau, who shared the 18-hole lead with Koepka, went bogey-double bogey around the turn and shot 75.

Annunziata Rees-Mogg speaks at Brexit Party launch
Pro-EU politicians said the next few months should be used to hold a new referendum on whether to leave the EU or remain. He has been critical of the way British Prime Minister Theresa May has handled Brexit negotiations with Brussels .

Uber Unveils Its Highly Anticipated IPO Filing
The company's shares are set to begin trading next month on the New York Stock Exchange under the symbol UBER. I'm not sure I've ever read a more sprawling IPO document, which reflects Uber's sprawl.

Julian Assange's Lawyers Vow to Fight His Extradition to the United States
After his dramatic arrest , he was taken to Westminster Magistrates' Court and found guilty of a British charge of breaching bail. Mr Marchan said: "He has said that we were spying on him, he has said we were lying, we were agents of the United States".

Wendy Williams divorcing husband of 22 years
It has been a rough couple of months for the 54-year-old, who is now working on her sobriety as her marriage crumbles. Prior to the segment that replaced Banks' interview, it was said she had to cancel due to a "family emergency".

United States must not resume separation of migrant families
She has been in Tijuana since January and has waited almost two months for her first interview with US immigration authorities. Democrats have not proposed a comprehensive immigration bill since taking the majority in the House this year.

President Of African Oil Producer Sudan Toppled In Military Coup
Sudanese protesters march towards the military headquarters during an anti-regime rally in the capital Khartoum on April 11, 2019. General Awad Ibn Aufannounced that Bashir had been arrested and a military-led transitional government will rule for two years.

Election 2019: Congress Candidate List for Odisha
Next, we talk to Manoj CG about Andhra Pradesh where Lok Sabha and Assembly elections are happening at the same time (06:13). A total of 1,279 candidates are int he fray, and their fate will be decided by over 14.21 crore voters.

Israeli PM Netanyahu Appears Headed for Fifth Term after Close Race
If he does indeed hang on it will be in part because of his willingness to boost racist, far-right politicians. Likud, which gained five more seats compared with the 2015 elections, needs 61 seats to form the government.

Boeing orders, deliveries tumble as Max jet is grounded
Before the two crashes, Boeing was about to up production of the MAX 8 to 57 planes per month and suppliers were likely gearing up.

If we want Brexit, Theresa May must go
If the bloc refuses, Britain faces a sudden and chaotic departure on Friday, the Brexit deadline previously set by the EU. That would still require consensus from the EU-27 national leaders.

Premier League Top Four Betting: Arsenal's Champions League hopes suffer damaging blow
Arsenal defeated the Italian side 2-0 at the Emirates, before losing by the same scoreline at the Stadio San Paolo. Napoli have reached the quarter finals of the UEFA Cup/Europa League for the third time in their history.

Four bees discovered living in a woman's eye, feeding on her tears
She described feeling something in her eye , but assumed it was dirt or sand, so she tried to flush out the particles with water. Hong said the situation could have been much worse. "They were still intact and all alive", added the ophthalmology professor.

Attorney general says 'spying on a political campaign is a big deal'
Questions are sure to remain, however, about the extent to which Barr has blacked out material from the report. The special counsel did not "make a traditional prosecutorial judgment" in his report, according to Barr.

New York City orders mandatory vaccines amid measles outbreak
While there have been no deaths, 21 people have been hospitalized and five have gone into ICU. In March. a county in NY state declared a state of emergency following a measles outbreak .