Prospective Federal Reserve nominee Herman Cain promised to pursue a stable dollar if confirmed to a central bank board that he thinks is too dominated by academics.
"The Fed still operates on the 'professor standard,' enshrined with Bill Clinton's nominations of pure academics. Their textbooks say strong economic growth, particularly strong wage growth, causes inflation, which Fed policy should temper," Cain wrote. President Donald Trump has said he intends to nominate Cain as a Fed governor, though he has not yet sent the name to the Senate. The potential nomination faces a tough test in the upper chamber, where at least four Republicans have said they plan to oppose Cain, seemingly dooming his chances. In addition, White House economic advisor Larry Kudlow said earlier this week that the administration is continuing to interview possible candidates.
🤦🏼♂️
Yup, just what Trump wants. A pizza parlor guy on the Fed.
“People on the Fed are so intelligent they don’t understand” is the angle here. 😒
Alan Greenspan taught the Fed that we suppose to have every 8 or 10 years boom and bust cycle. so we are due for bust cycle and that fed keep on raising the street rate.
I am old enough to remember when the nation’s Conservatives thought educated and intelligent were good traits.
So speak loud and clear, to the space. No one is preventing you :-)
Good job
There should be a professor standard. Our entire global economy rests on the decisions that are made by the Fed and requires an encyclopedic knowledge of micro and macro economics as well as vast understanding of the history of monetary policy. Go back and sell some 🍕
This coming from the same person whose economic 'plan' came straight out of a video game...
We want Jimmy McMillan. “The rent is too damn high!” guy.
DFW_Dee Dunce....
Translation; I’m stupid.
I know nothing abut the Fed which is exactly why I am the most qualified person to counter those who do know something.
Just go away, sir.
Nothing prevents you from using your voice as part of the peanut gallery.
999 is Deep 6 for economy. Genius.
Go away
Herman Caín: the grade school standard
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'The worst, ill-suited appointments': Pelosi slams Trump's Fed picks Herman Cain and Stephen MooreSpeaking to reporters at a private lawmaker retreat, House Speaker Nancy Pelosi called conservative commentator Stephen Moore and businessman Herman Cain 'the worst, ill-suited appointments that the president could come up with.' Then they must be good! The women hates anything Trump ...So why bother even listening to her. .SAME DRUM BEAT...HATE HATE HATE HATE HATE... SHE'S THE PERSON WHO MAKES U HATE THIS COUNTY .. SHE TELLS US DON'T TRUST ANYONE.. SO MILLIONS DONT!! Vieja Loca 🤪🤪🤪🤪
Source: CNBC - 🏆 12. / 72 Read more »
Trump is standing behind controversial Fed board pick Herman Cain 'at the moment,' Larry Kudlow saysThe director of Trump's National Economic Council struck a decidedly noncommittal note when asked about Cain's support within the White House. On Capitol Hill, Cain's prospects for Senate confirmation grew dimmer by the day.
Source: YahooNews - 🏆 380. / 59 Read more »
White House Backs Fed Candidate Herman Cain ‘at the Moment’White House economic adviser Lawrence Kudlow said President Trump “insists” on moving forward with plans to nominate Herman Cain to the Federal Reserve Board. smh Need to provide college transcripts, criminal record, and tax returns. Must not be criminal. (Secret society member).
Source: WSJ - 🏆 98. / 63 Read more »
Fourth GOP senator opposes Trump Fed pick Herman Cain, effectively ending path to confirmationRepublican Sen. Kevin Cramer, N.D., on Thursday became the fourth member of his party's caucus to tell reporters he would vote against the nomination of former pizza executive Herman Cain to join the board of the Federal Reserve. Nailed it! Free pizza for everyone!!! lol I still can’t believe Trump is the president of America
Source: CNBC - 🏆 12. / 72 Read more »
Herman Cain Lacks GOP Support for Fed Seat If Democratic Foes UniteNorth Dakota Senator Kevin Cramer said he wouldn’t back Cain if President Donald Trump nominates him to the Fed and hopes the president will make another choice. “If I had to vote today, I couldn’t vote for Herman Cain,” said Cramer, a Trump ally. Cain’s bid for the 2012 Republican presidential nomination well i hope they vote against him, every chance they get
Source: YahooNews - 🏆 380. / 59 Read more »
Herman Cain chances for Fed seat sink as fourth GOP senator comes out against himNorth Dakota Sen. Kevin Cramer said he wouldn’t back Hermain Cain if President Trump nominates him to the Federal Reserve and hopes the president will make another choice. Maybe Pee Wee Herman is available .. only the best people Thank you SenKevinCramer for finally having a backbone. inforum My party (GOP) doesn't listen 2 the American people, thats why they lose all the time! SenatorCollins is about worthless in the Senate and should really resign bc its people like her that will lose us the Senate! JoinFlake
Source: latimes - 🏆 11. / 82 Read more »
Trump is standing behind controversial Fed board pick Herman Cain 'at the moment,' Larry Kudlow saysThe director of Trump's National Economic Council struck a decidedly noncommittal note when asked about Cain's support within the White House. On Capitol Hill, Cain's prospects for Senate confirmation grew dimmer by the day. FOLLOW FOR ALL CURRENT EVENTS Too bad Ken Lay is 'dead' [cough]. He could be running the SEC. 'At the moment' being the key part of that statement... Much like he stood behind closing the border 'at that moment'
Source: CNBC - 🏆 12. / 72 Read more »
Herman Cain expected to withdraw from Fed Reserve Board of Governors considerationHerman Cain is expected to withdraw his name from consideration for the Federal Reserve's Board of Governors, amid growing pressure from Republican senators. Like Napoleon withdrew from Waterloo. Good.. and about time. Awww, shuckie duckie... '
Source: ABC - 🏆 471. / 51 Read more »
Herman Cain expected to withdraw from Fed Reserve Board of Governors considerationHerman Cain is expected to withdraw his name from consideration for the Federal Reserve's Board of Governors, amid growing pressure from Republican senators on the White House to remove him from consideration, according to multiple sources familiar with the matter. President Donald Trump announced Wonder what changed? Nvrdrmp; 99% Herm, now get back to work. Bring me a pizza GOOD!
Source: YahooNews - 🏆 380. / 59 Read more »
Herman Cain appears to lack the support for Senate confirmation to Fed seatHerman Cain, who President Trump has been considering for a nomination to the Federal Reserve board, does not appear to have enough support to be confirmed by the Republican-controlled Senate. SOUNDS ABOUT WHITE...... Considering all the other scumbag appointies the Republican Senate has pushed through for Trump I'm guessing Cain's biggest disqualifier is the fact that he's black So that means both nominations should be rejected. Herman Cain has been on two different state boards. He is more qualified than Steven brown nose. So they both should be out.
Source: NBCNews - 🏆 10. / 86 Read more »
The White House is interviewing other potential Fed candidates beyond Herman Cain and Stephen MooreLarry Kudlow insists that controversial Trump picks Herman Cain and Stephen Moore are still in the running to join the board of the Federal Reserve. That's a great way to run a government and choose the best. Start at the bottom and work your way up. I think I saw the advertisement on LinkedIn... Ivanka is pretty good with numbers, says her father
Source: CNBC - 🏆 12. / 72 Read more »