FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Donald Trump said Thursday [4-4-19] that he’s recommending Herman Cain, a former pizza executive who dropped his bid for the 2012 Republican presidential nomination amid sexual harassment allegations, for a seat on the Federal Reserve Board…The announcement comes weeks after Trump floated another nominee to fill an open seat on the Fed board: Stephen Moore, a former campaign adviser and distinguished fellow at the conservative Heritage Foundation. There are currently two vacancies on the seven-member Fed Board. Since the start of his presidency, Trump has moved to reshape the world’s most powerful central bank, already appointing four people to the seven-member Fed Board so far. That includes Chairman Jerome Powell, a former investment banker, who the President has repeatedly accused of trying to undercut him politically by raising interest rates, which Trump believes will slow down the economy.”
–Donna Borak and Maegan Vazquez, “Trump says he’s recommending Herman Cain to Fed,” CNN Politics, CNN.com, April 4, 2019 7:33 pm