Trump says he will not nominate Herman Cain to Federal Reserve board

first_imgShare on Facebook This article is more than 2 months old Trump says he will not nominate Herman Cain to Federal Reserve board Share on Messenger Federal Reserve Trump tweeted: “My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve board. I will respect his wishes. Herman is a great American who truly loves our country!”Cain’s economic expertise had been called into question, as had his character: he withdrew from the 2012 Republican primary after a number of women alleged he sexually harassed them. He denies all the allegations but has admitted “some sort of settlements” were made.A number of Republican senators had said they would not support Cain for the Fed, making it unlikely he would have the necessary backing to be confirmed as no Democrats indicated they would support him.Trump has regularly attacked the Fed over its economic policies. Amid concern about the selection of two Trump allies for seats on the board of an independent body, the president’s other pick, the conservative economist Stephen Moore, has also come under fire.Media outlets including the Guardian reported that the 2016 Trump campaign adviser owes the Internal Revenue Service $75,000 in taxes. Moore said he was “working through a dispute with the IRS, attempting to be returned what my attorneys and accountant believe were tax overpayments of tens of thousands of dollars”. The Guardian also reported that Moore was once held in contempt for more than $300,000 in alimony payments after an acrimonious divorce. Moore called the reports “vile and vicious and underhanded”.CNN reported on Monday that in columns written for the conservative National Review between 2001 and 2003, Moore said women should be barred from refereeing, announcing and even selling beer at at men’s college basketball games.Moore made the points in four columns, asking if there was any area in life “where men can take vacation from women” and calling it a “travesty” that men and women play sports together in recreational leagues. Share via Email Pizza company CEO had struggled to secure support in SenatePresident tweets ‘I will respect [Cain’s] wishes’ Last modified on Mon 22 Apr 2019 13.10 EDT Shares2727 Share on LinkedIn ‘Herman Cain is a great American who loves our country!’ Donald Trump tweeted as he ended the prospect of Cain playing a role in shaping US economic policy.Photograph: Molly Riley/AP … we have a small favour to ask. The Guardian will engage with the most critical issues of our time – from the escalating climate catastrophe to widespread inequality to the influence of big tech on our lives. At a time when factual information is a necessity, we believe that each of us, around the world, deserves access to accurate reporting with integrity at its heart.More people are reading and supporting The Guardian’s independent, investigative journalism than ever before. And unlike many news organisations, we have chosen an approach that allows us to keep our journalism accessible to all, regardless of where they live or what they can afford. But we need your ongoing support to keep working as we do.Our editorial independence means we set our own agenda and voice our own opinions. Guardian journalism is free from commercial and political bias and not influenced by billionaire owners or shareholders. This means we can give a voice to those less heard, explore where others turn away, and rigorously challenge those in power.We need your support to keep delivering quality journalism, to maintain our openness and to protect our precious independence. Every reader contribution, big or small, is so valuable. Support The Guardian from as little as $1 – and it only takes a minute. Thank you. Donald Trump This article is more than 2 months old Topics Share via Email Erin Durkin in New York news Since you’re here… Donald Trump will not name Herman Cain to the Federal Reserve board. The US president said on Monday the former Republican presidential hopeful and Godfathers pizza chief executive had asked him to stop the nomination. Reuse this content Share on Twitter Share on WhatsApp Read more Mon 22 Apr 2019 12.58 EDT Share on Pinterest Share on Facebook Read more ‘Very smart people’: Trump adviser defends Cain and Moore Fed picks Federal Reserve Share on Twitter Democrats seek financial records from Trump Fed pick after Guardian report Support The Guardianlast_img

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