Trump To Nominate Herman Cain For Last Open Fed Seat

As the resident Herman Cain historian, it’s important to note that Herman actually has loads of experience with the Federal Reserve and a pretty strong understanding of monetary policy.

— Ellen L. Carmichael (@ellencarmichael) January 31, 2019

So when BBG again reported that Cain was seriously being considered for one of the two open seats - one of which has since gone to Steve Moore - Fed watchers took notice, despite concerns about Cain's expressly hawkish views on monetary policy (which apparently wasn't a problem for self-styled "growth hawk" Moore) and worries about the Senate confirmation process.

White House is considering 2 political figures for board that governs the independent central bank and conducts nation’s monetary policy: Steve Moore, Herman Cain.

Concerns in the WH, though, about whether Cain could clear Senate confirmation process.https://t.co/KIPsOhGM8k https://t.co/1Vr20OEiTm

— Jennifer Jacobs (@JenniferJJacobs) March 22, 2019

And since he can't get rid of Powell, perhaps the president has come up with an alternative plan...

After Trump learned he couldn't fire Powell he devised a plan to make him want to walk into oncoming traffic

— Dan Hurley (@ApexHurley) April 4, 2019

Then again, if Trump is so concerned about keeping interest rates low, we could think of another even more suitable candidate.

If Trump is smart he will nominate AOC for Fed chair

— zerohedge (@zerohedge) March 22, 2019

GREAT PICK!