Economics

Trump Considering Herman Cain for Federal Reserve Board, Sources Say

President interviewed former Godfather’s CEO on Wednesday
Cain’s presidential run ended in sexual misconduct scandal

President Trump may name Herman Cain to the Fed Reserve Board. Bloomberg’s Matt Boesler reports.Markets: The Close." (Source: Bloomberg)

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By Jennifer Jacobs

January 31, 2019 at 4:30 PM UTC

Updated on

January 31, 2019 at 8:01 PM UTC

This article is for subscribers only.

Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, is being considered by President Donald Trump for a seat on the Federal Reserve Board.

Cain, 73, was in the White House on Wednesday, according to people familiar with the matter. Two seats on the Fed board are vacant, but nominating Cain raises the prospect of a Senate confirmation hearing focused on the sexual harassment and infidelity accusations that ended his presidential campaign.