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Trump considering Herman Cain for Federal Reserve Board: report



President Donald Trump is considering appointing former Godfather’s Pizza CEO and 2012 Republican presidential candidate Herman Cain to the Federal Reserve Board, according to a new report.

Bloomberg’s Jennifer Jacobs reported that Cain is among the candidates Trump is considering for one of the two open spots on the Fed’s Board. While no decision is final, according to the report, Cain did visit the White House on Wednesday.

Cain is best known as a presidential candidate during the 2012 Republican primaries during which he introduced the “9-9-9” tax plan. The plan simplified the tax code to a 9% personal income tax, 9% federal sales tax, and a 9% business transaction tax.

Cain also came under fire during the campaign after it was revealed that two female employees received settlements after making sexual harassment claims against Cain while he was CEO of the National Restaurant Association. Cain denied the claims.

The Fed job would require Senate confirmation, opening up Cain to questioning on the harassment claims.

In addition to the retail business, Cain did serve as the chairman of the board for the Kansas City Federal Reserve’s Omaha branch from 1989 through 1991 and the chairman of the board for the entire Kansas City Fed in 1995 and 1996.

According to Bloomberg, Cain could also be considered for another government position.

The possible appointment comes after Trump’s repeated criticism of the Fed’s current interest rate policy. The president has repeatedly attacked Chair Jerome Powell’s interest rate increases despite the fact that Trump appointed Powell himself.

Read more:Federal Reserve Chairman Jerome Powell just brushed off months of attacks from Trump»

The Fed has recently taken a more cautious tone, deciding not to raise interest rates at a meeting that concluded Wednesday and issuing a more cautious outlook for the path of hikes going forward.

The White House did not immediately respond to a request for comment.

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