Economics

Trump Says Herman Cain, Ex-Pizza Executive, Is in ‘Good Shape’ for Fed Seat

Cain was director at Kansas City Fed from 1992 to 1996
As presidential candidate, advocated return to gold standard

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President Donald Trump intends to nominate Herman Cain for a seat on the Federal Reserve Board. Mike McKee reports.Markets: Balance of Power." (Source: Bloomberg)

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By Jennifer Jacobs and Margaret Talev

April 4, 2019 at 4:10 PM UTC

Updated on

April 4, 2019 at 9:04 PM UTC

This article is for subscribers only.

President Donald Trump said Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, is being vetted for a seat on the Federal Reserve Board.

Trump told reporters at the White House on Thursday that Cain is in “good shape.” Cain would fill one of two open seats on the board; the president plans to name Stephen Moore, a visiting fellow at the Heritage Foundation and a long-time Trump supporter, for the other.

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