Herman Cain addressed President Donald Trump’s latest announcement that he desires the previous pizza chain CEO and Kansas Metropolis Fed chairman to affix the Federal Reserve Board.
In video posted on Fb, Cain stated that a background verify can be “extra cumbersome” in his case as a result of he has had an “uncommon profession.”
“They’ve to gather an inordinate quantity of knowledge on you and your background, your loved ones, your mates, your pets — for the final 50 years,” Cain stated.
Cain ran for the 2012 Republican presidential nomination however suspended his marketing campaign amid allegations of sexual misconduct. He acknowledged that previous allegations would possible come up once more by way of a nomination course of.
“You higher imagine that the individuals who hate me, who don’t like conservatism … are already digging up the detrimental stuff which might be in tales from eight years in the past,” he stated. “I am not going to let the accusers run my life or decide my profession.”
Cain stated it is doable he wouldn’t make it by way of a nomination course of.
“It is an honor to be thought-about, whether or not or not I’ll make it by way of this course of — time will inform,” Cain stated. ” Would I be disenchanted if I do not make it by way of this course of? No. Would I be thrilled and honored if I make it by way of this course of? Sure.”
After months of rumors, Trump on Thursday confirmed that he’s recommending Cain for a Federal Reserve Board seat. Trump stated he isn’t frightened about Cain going by way of background checks.
“He is a extremely revered man; he is a good friend of mine; he is anyone that will get it and I hope the whole lot goes nicely,” Trump informed reporters within the Oval Workplace. “Herman Cain is an excellent man.”
Trump has repeatedly slammed Federal Reserve Chairman Jerome Powell in latest months, accusing him of holding again the financial system by elevating rates of interest. On Friday, Trump known as for the Fed to chop charges, claiming that the financial system “would take off like a rocket ship.”
Some market watchers have expressed concern that a nomination of Herman Cain in addition to Stephen Moore would jeopardize the independence of the central financial institution. In a observe, Barclays chief U.S. economist known as the doable nominations “the start of the politicization” of the Fed.