Economy

Cain, Moore nominations for Federal Reserve seats on track: Kudlow

Cain, Moore nominations for Federal Reserve seats on track: Kudlow

In an interview on CNN's "State of the Union", Kudlow said the Trump administration wants "to grow the economy to its maximum...we're not interfering with Fed independence".

Cain, a former CEO of Godfather's Pizza, conducted for the 2012 Republican nomination but fell out after allegations of infidelity and sexual harassment.

Several economic and market experts - as well as business leaders - have expressed concerns that neither Moore nor Cain are the most qualified candidates to serve on the Fed.

And in what some have seen as an attempt to bring pressure from the inside, Trump has put forward Herman Cain and Stephen Moore for seats on the Federal Reserve Board.

Axios and the Wall Street Journal reported that Cain has been contemplated, although the White House declined to comment.

"It's an honor to be considered, whether or not I will make it through this process - time will tell", Cain said". "I'm not going to litigate that here", he said.

AG Barr says he'll release Mueller report within a week
Barr said that he reviewed Mueller's evidence and made his own determination that Trump should not face obstruction charges. Karl Rove has argued that no matter what Attorney General William Barr does, it will be "unacceptable" to Democrats .

The 73-year-old said it was not clear if he will pass the ongoing Federal Bureau of Investigation background check, a standard practice before a high-ranking nomination.

A top economic adviser to President Donald Trump said Friday by appointing a couple of Trump's close political allies to the Fed 36, that the government is not attempting to hurt the liberty of the Federal Reserve.

"They have to collect an inordinate amount of information on you and your background, your family, your friends, your pets - for the last 50 years", Cain said.

"You better believe that the people who hate me - the people who do not like conservatives and Republicans - are already digging up all the negative stuff that's in storage from eight years ago", he said.

He then said that Trump "has every right in the world to nominate people who share his economic philosophy".

"I would think he would do very well there". "We believe more people working and succeeding does not cause inflation". "They don't necessarily pan out". "I'm just not going to let the accusers run my life or determine my career". "Would I be disappointed if I don't make it through this process? No".