Report: Trump Considering Herman Cain For Seat On Federal Reserve Board

ROCK HILL, SC - DECEMBER 2:  Republican presidential candidate Herman Cain speaks to supporters during a town hall meeting at Laurel Ridge on December 2, 2011 in Rock Hill, South Carolina. Cain said he would make an announcement about his campaign in Atlanta tomorrow.  (Photo by Davis Turner/Getty Images)
ROCK HILL, SC - DECEMBER 2: Republican presidential candidate Herman Cain speaks to supporters during a town hall meeting at Laurel Ridge on December 2, 2011 in Rock Hill, South Carolina. Cain said he would make an ... ROCK HILL, SC - DECEMBER 2: Republican presidential candidate Herman Cain speaks to supporters during a town hall meeting at Laurel Ridge on December 2, 2011 in Rock Hill, South Carolina. Cain said he would make an announcement about his campaign in Atlanta tomorrow. (Photo by Davis Turner/Getty Images) MORE LESS
Start your day with TPM.
Sign up for the Morning Memo newsletter

President Trump met with former Republican presidential candidate Herman Cain on Wednesday and is considering nominating Cain for a seat on the Federal Reserve board, Bloomberg News reported on Thursday.

Cain sought the Republican presidential nomination in 2012 but dropped out of the race in December 2011 after several accusations of sexual misconduct by Cain came to light. He initially pushed back on the allegations but later admitted he paid a settlement to a woman who accused him of sexual harassment.

Before the allegations surfaced, Cain had been leading the field to be the Republican nominee in 2012.

Cain, the former executive of Godfather’s Pizza, has also served as the chairman of the Federal Reserve Bank of Kansas City in Missouri.

Nominees for the Federal Reserve board are subject to Senate confirmation, so it’s unclear whether the Senate would approve Cain’s nomination given his past sexual misconduct allegations.

Latest News

Notable Replies

  1. More proof of the adage: If you think it can’t get worse, just wait 24 hours minutes (or less).

  2. Did I inadvertently pick up The Onion?

  3. Omarosa and Kid Rock weren’t interested?

  4. Avatar for ghost ghost says:

    As if this shit show needs another ton of shit added to the pile.

  5. They didn’t offer a 10% discount on pizzas ordered before 500 pm.

Continue the discussion at forums.talkingpointsmemo.com

103 more replies

Participants

Avatar for markv Avatar for ghost Avatar for steviedee111 Avatar for irasdad Avatar for randyabraham Avatar for sandyh Avatar for Lacuna-Synecdoche Avatar for keninmn Avatar for mrf Avatar for jinnj Avatar for muddylee Avatar for dommyluc Avatar for tsp Avatar for lizzymom Avatar for tiowally Avatar for canyoncountry Avatar for cub_calloway Avatar for drtv Avatar for occamscoin Avatar for rascal_crone Avatar for gargoyle Avatar for captain_america Avatar for haddockbranzini Avatar for mec

Continue Discussion
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Deputy Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: