Herman Cain anticipates lengthy confirmation process if nominated to Fed board


Larry Kudlow, director of the White House's National Economic Council, told CNN's Jake Tapper on "State of the Union" that Trump "has every right to put people on the Federal Reserve Board with a different point of view".

A top economic adviser to President Donald Trump said Friday by appointing a couple of Trump's close political allies to the Fed 36, that the government is not attempting to hurt the liberty of the Federal Reserve.

Trump on Friday called on the Fed to cut rates, saying that would turn the USA economy into a "rocket ship" - a rate of growth characterized Sunday by Kudlow as 4 percent to 4.5 percent.

President Trump said he has recommended former Republican presidential candidate Herman Cain to serve on the Federal Reserve's Board of Governors.

On Thursday, Trump confirmed that he's recommending Cain, a former Republican presidential candidate, to the Fed's board.

Responding on "America's Newsroom", Asman said one report labeled Cain as simply "the pizza man".

Comments by Moore saying he'd be on a "steep learning curve" as to how the Fed operates reflected "a little modesty" by the Heritage Foundation official, Kudlow said.

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He continued, "And that point, I think, is the right time to debate everything about that we've learned about the past". Besides being a very successful entrepreneurial businessman, he was a board member of the Kansas City Federal Reserve and actually was the chairman of the board of the Kansas City Federal Reserve.

Asked about those allegations, Kudlow said, "we are going through a vetting process". I'm sure the Senate Banking Committee will do likewise.

Moore was an adviser on Cain's presidential bid and advised Trump for his 2016 campaign. Whether it is Supreme Court justices or many other things we have seen many charges here. "They don't necessarily pan out".

Cain, a former CEO of Godfather's Pizza, conducted for the 2012 Republican nomination but fell out after allegations of adultery and sexual harassment.

Kudlow told Tapper Sunday that the president "wants people on the Fed who share his philosophy". "I'm not going to litigate that here".

At the time, Cain, 73, denied the allegations but acknowledged "he had made mistakes in my life".