Currently, there are two vacancies on the central bank board, and the sources say that the president has been meeting with multiple different candidates to…
Currently, there are two vacancies on the central bank board, and the sources say that the president has been meeting with multiple different candidates to fill the empty seats. Trump’s top economic adviser, Larry Kudlow, explained last week that the White House is looking for individuals “who understand that you can have strong economic growth without higher inflation.”
One of those candidates is Cain, who served as the former director and chairman of the Federal Reserve Bank of Kansas City from 1989 to 1996. At that point, he left his position to pursue his political ambitions, including the 2012 run for president that turned him into a household name.
Cain dropped out of the race in 2011 after sexual misconduct allegations by two separate women — during his role as leader of the National Restaurant Association in the 1990s — came to light.
