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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ US https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Herman Cain rises to Fed probably dead in the water after the fourth loss of GP

Herman Cain rises to Fed probably dead in the water after the fourth loss of GP



Herman Cain's newly elected president, Trump, to the Federal Reserve's seven-member board lost critical support to Republicans in the Senate, learned the Fox News, but barely condemned the chances of the former presidential candidate of the

affirmed that the Republican Senator North Dakota Kevin Cramer opposes Cain's future nomination for the Fed. Cramer will be the fourth GOP to join Sens. Lisa Murkowski, Cory Gardner, and Mitt Romney. With 53 Republicans in the Senate, the loss of four GOPERs makes Cain unlikely to get confirmation. Earlier on Thursday, White House Economic Adviser Larry Kudlow told Fox News that the White House still wants Cain to join the Fed and turned to Trump's comments on the issue earlier this week.

Tamper said on Wednesday that Cain was a "great guy," but it would be up to him to decide whether to continue with a nomination for the Fed.

Asked by the reporters if the nomination is safe, Trump said he did not know how Cain did the verification process. Cain "will make this decision" whether to continue, he said.

  In this photo of June 20, 2014, Hermann Cain, Chief Executive Officer,

In this photo of June 20, 2014, Herman Cain, CEO, New Voice, spoke during the Coalition for the Road to the Majority in Washington. President Donald Trump said on Wednesday April 10, 2019 that Cain is a "wonderful person," but it will be up to him to decide whether to continue with a nomination for the Federal Reserve's seven-member board. (AP Photo / Molly Riley, File)

Trump's comments came one day after Senate Republican Mike McCannel ran away from the question of whether he would support Cain and conservative commentator Stephen Moore, whom Trump is also considering as the seat of the Board of the federal authorities.

Republicans and Democrats raised questions about whether the choice of Trump, both Cain and Moore, two political allies, would have considered it, McConnell said.

Trump has repeatedly criticized its appointed chairman, Jerome Powell, and other Fed officials for raising interest rates four times last year

Trump has already violated the rules set by recent presidents who avoided commenting on the Fed's performance [ThesepricejumpshaveincreasedinthestockmarketandwereunnecessarybecausetherewasnothreattoinflationTrumpsaid

Asked about Cain's nomination in light of the concerns raised by some Senate Republicans, Trump said, "I like Herman Cain, and Herman will do that." Herman is a wonderful man, he is my good supporter

The Fed's seven-member council has two blanks: Trump's previous election was seen as a major economist or banker, but his selections of Cain and Powell were seen as an effort by Trump to put more guerrilla stamp on the Fed's policy [19659003] Chad Pergram and the Associated Press contributed to this report


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