Can’t be. Racist Trump would never put a black man in such a sensitive position.
Right?
“Anonymous sources” - doncha love it – say he’s waiting on the completion of the background check. Doesn’t want to get blindsided again.
Cain served in multiple positions within the Fed system at the Kansas City Federal Reserve between 1989 and 1996. He served as CEO of Godfather's Pizza and ran for the 2012 GOP president nomination, but dropped out after sexual harassment allegations sank his candidacy.
President Trump regards his selection of Federal Reserve chair Jerome Powell as one of the greatest mistakes of his administration. He has told aides that Powell has no "feel" for the markets and compares him to a golfer who cannot putt.
Trump tells aides that Powell is the biggest threat to the economy due to his 2018 decisions to raise interest rates, and even as Powell halted the rate rises he failed to win back Trump's affection. Trump considers Powell to be "weak" and blames Treasury Secretary Steven Mnuchin for encouraging him to pick him, according to sources who've discussed the matter with the president.
Trump considered replacing Powell with Kevin Warsh for a brief moment last year, as Axios reported earlier this week.
More @ Scoop: Trump expected to name Herman Cain to Federal Reserve board
