President Donald Trump wants to appoint 2012 presidential candidate Herman Cain to a position on the Federal Reserve Board, two senior administration officials told Axios.
Thursday’s Axios report said Cain’s name has been in circulation since at least January when Bloomberg reported that Trump had Cain atop the list of candidates to fill one of two vacancies at the Fed. It was reported at that time Cain’s name was also a leading pick for other posts in the administration.
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.”
Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact licensing@dailycallernewsfoundation.org
Air Force Col. Bernard Francis Fisher was not a rescue helicopter pilot during Vietnam. Still,…
Fox News legal analyst Gregg Jarrett lit into the Supreme Court Monday, saying they allowed…
For most Illinois students, learning ability is limited by their ZIP code far more than…
Next to your rent or mortgage payment, food is probably your biggest expense. Don't believe…