Tag Archives: Federal Reserve

Trump: Herman Cain Asked Me Not To Nominate Him

A related story today from Media Matters: Herman Cain, President Donald Trump’s pick for a seat on the Federal Reserve Board, frequently acted as a gold company spokesperson on his radio program. He warned listeners in advertisements that they need to put some of their assets in gold because there’s a recession coming and “even central banks are buying gold …

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Accuser Threatens To Describe Cain’s Penis To Senate

The Daily Beast reports: A woman who has accused Herman Cain of having a long-term consensual affair threatened on Thursday to describe “certain parts” of his body to the Senate Banking Committee “to corroborate her testimony” if he doesn’t withdraw his name from consideration for the Federal Reserve Board. Ginger White first claimed she had a 13-year affair with Cain …

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Reversal: Herman Cain Won’t Withdraw For Fed Board

CNBC reports: Herman Cain will not drop out of consideration for the Federal Reserve Board even though he does not appear to have enough votes to get confirmed in the Senate, he told The Wall Street Journal on Wednesday. The former Godfather’s Pizza CEO and Kansas City Fed Board president said he is “very committed” to the process, according to …

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Cain To Withdraw From Federal Reserve Consideration

ABC News reports: Herman 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 last week his intention to nominate Cain, a political ally and former 2012 …

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Herman Cain Calls Senate Critics “A Bunch Of Yahoos”

The Kansas City Star reports: Herman Cain, whose prospects for a seat on the Federal Reserve Board of Governors have grown shaky before President Donald Trump even nominates him, likely gave his detractors in the U.S. Senate more reason to oppose his confirmation with comments at a University of Kansas lecture Wednesday night. He described the Senate Banking Committee, which …

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Herman Cain Promoted Anti-Vax Claims Via Email List

Media Matters reports: Herman Cain, President Donald Trump’s pick for a seat on the Federal Reserve Board, took money to promote the newsletter of an anti-vaccine conspiracy theorist. Cain also sent sponsored emails suggesting that the government is forcing citizens to take “7 deadly drugs” and that former first lady Nancy Reagan’s “desperate fight to cure Alzheimer’s disease” may be …

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GOP Works To Scuttle Herman Cain’s Nomination To Fed

Politico reports: Herman Cain is in deep trouble. And he hasn’t even been formally nominated to the Federal Reserve yet. Senate Republicans are warning the White House that the 2012 presidential candidate will face one of the most difficult confirmation fights of Donald Trump’s presidency and are making a behind-the-scenes play to get the president to back off, two GOP …

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Trump Likely To Tap Herman Cain For Federal Reserve

Axios reports: President Trump has told confidants he wants Herman Cain on the Federal Reserve board, but will wait until his background check is completed before making the formal announcement, according to two senior administration officials familiar with the decision. It’s likely confirmation that Trump is ready to move ahead with the former presidential candidate, whose possible nomination was reported …

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Trump Mulls Federal Reserve Seat For Herman Cain

Reuters reports: U.S. President Donald Trump is considering Herman Cain for a seat on the Federal Reserve board, a Bloomberg reporter said on Twitter. Cain made his fortune as pizza executive before making a bid to be the Republican candidate in the 2012 presidential election. Mitt Romney ultimately won that nomination, but lost the election to former President Barack Obama. …

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Strong Economy Spurs Fed To Hike Interest Rates

Reuters reports: The U.S. Federal Reserve raised interest rates by a quarter point on Wednesday and signaled a faster pace of increases in 2017 as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation. The rate increase, regarded as a virtual certainty by financial markets in the wake of a string of generally …

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