Fed independence loss talk is overdone: AGF Chief U.S. policy strategist

McConnell won't say if Senate would back Herman Cain for Fed

Herman Cain’s Fed Nomination Appears to Be Over Before Trump Even Made It

A potential nomination to the Federal Reserve would require confirmation by the U.S. Senate and this means that the former sexual harassment allegations made against Cain would likely have come up.

Faced with the prospect of attempting to confirm two absurdly unqualified cranks for esteemed Fed positions, the conservative movement has undertaken a triage operation, focusing its defenses on Moore and leaving Cain to twist in the wind.

Elected officials and interest groups on both sides of the political aisle voiced support for Powell, and for the need to keep the Fed at arms length from the influence of politicians in its interest rate decisions. "I've told my folks that's the man".

Powell briefed House Democrats in a closed-door session at their annual retreat on Thursday evening but declined to comment on Trump's candidates for the Fed, lawmakers said afterwards.

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Cain's bid for the 2012 Republican presidential nomination ended after he was accused of sexual harassment in the 1990s, when he led the National Restaurant Association.

"It's all just sort of a vague memory right now, but it's hard not to hear "Herman Cain" in the context of something like this and not immediately recall some of those challenges", the North Dakota Republican said on Tuesday. "You go through the process, but Herman's a great guy and I hope he does well".

Cain served as the Chairman of the Federal Reserve Bank of Kansas City's Omaha Branch, from 1989 to 1991 and as the Chairman of the Federal Reserve Bank of Kansas City from 1995 to 1996.

In recent days Trump tried to take a slightly softer tone, telling Fed Monday leaders to "Take the victory!" of a solidly growing economy with "virtually no inflation" and not ruin all the good by raising interest rates.

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AGF Chief U.S. policy strategist Greg Valliere also told FOX Business he thinks all of this talk about the Fed losing its independence is "overdone". The real problem here is that Moore and Cain are "transparently partisan" hacks. At the meeting, which was held in the White House Situation Room, an aide passed Trump a note informing him that Cain was in the building.

White House economic council director Larry Kudlow said on Thursday that the president was sticking by his decision to nominate Cain "at the moment".

"Even if Stephen Moore does get confirmed, he would be one of 12 governors".

President Donald Trump announced last week his intention to nominate Cain, a political ally and former 2012 Republican presidential front runner.

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Corey Conners (71) of Listowel, Ont., was in a group tied for 16th at 3-under par, four shots back of the leaders. He flew to Augusta for the Masters Champions Dinner and confided in one of his fellow diners: "I'm done".

"I don't really think I've said anything much about the gold - I'm not in favor of a gold standard", Moore said.

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