Published: Fri, April 12, 2019
Global News | By Blake Casey

It's up to Cain to move ahead with Fed nomination

It's up to Cain to move ahead with Fed nomination

"Our sense is that Cain has no better than a 20% chance, and we anticipate a mercy killing coming - the nomination probably will be yanked with weeks (or days)", Valliere said. A series of personal and professional issues could also complicate Cain's appearance before the Senate, leading experts to predict that the potential nomination is either never submitted or simply falls through. Cain's bid for president in 2012 was derailed by accusations of sexual harassment that he has repeatedly denied.

Republicans and Democrats have raised questions about whether Trump's choices of both Cain and Moore, two political allies, would elevate concerns about the political independence of the Fed.

"Herman is a wonderful man", Trump said as he departed the White House to attend fundraisers in Texas. "He's been a good supporter of mine for a long time". "And that's up to Herman".

The White House declined to comment, but the Wall Street Journal and Axios reported that Cain is being contemplated. "He has a lot of experience", Hassett told reporters.

Senator John Thune of South Dakota, the no. 2 Republican leader, warned Tuesday that it could be hard to confirm Cain, whose 2011 campaign for the GOP presidential nomination ended after he was accused of sexual harassment and infidelity. However, the president cast doubts on the process going forward.

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Senator Richard Shelby of Alabama, a senior Republican on the Senate Banking Committee that will consider Cain's nomination, has been decidedly cool to the potential pick.

Trump has yet to formally nominate Cain and wouldn't say Wednesday whether he thought the pending nomination was a safe bet. "You need experienced, serious people".

On Facebook earlier this week, Cain said the reason he was under attack as a nominee is because he is a conservative.

President Donald Trump is thinking about nominating Herman Cain, a political director and former Republican candidateaccording to news reports.

In his International Monetary Fund speech, the Treasury secretary also said that he doesn't see the USA returning to the gold standard - an idea advocated by Cain and to a lesser extent, Moore. "But we'll see how it plays out".

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