Headline Roundup • April 5th, 2019
Herman Cain Nominated to the Fed
Summary from the AllSides News Team
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Wall Street Journal (News)
For the second time in two weeks, President Trump has chosen a nominee to the Federal Reserve Board who hails from outside mainstream economics circles and is seen as sympathetic to his goals.
Herman Cain, the president’s latest choice to join the powerful policy-making body, rose from a humble childhood to contend for the Republican presidential nomination in 2012. Along the way he served at the Kansas City Fed, was chief executive of Godfather’s Pizza and headed a major restaurant lobbying group.
President Trump Opens a New Window. wants to appoint Herman Cain, the former Republican presidential candidate, to the Federal Reserve Opens a New Window. board, but is waiting for the completion of his background check before making a formal announcement.
Nein, nein, nein.
That should be the Senate’s response if President Trump actually nominates his friend Herman Cain, the former pizza magnate turned failed Republican presidential candidate, to the Federal Reserve Board, as Trump said he plans to do.
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