Larry Kudlow says Trump is not interfering with the Fed

Larry Kudlow says Trump is not interfering with the Fed

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".

"I find Herman to be an outstanding person, a truly outstanding individual", Trump continued.

Trump has announced he intends to nominate for 2 current exemptions to the seven-member Fed board - to conservative political allies - former 2012 GOP candidate Herman Cain and Stephen Moore.

Herman Cain, President Trump's newest candidate to join the Federal Reserve board, ruminated in a video posted to Facebook Friday evening about the potential nomination, cautioning about what he believed would likely be a lengthy and "cumbersome" vetting process.

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. But the 2012 Republican presidential candidate did say in an interview with Fox Business Network in February that the Fed should be more anxious about deflation than inflation right now.

More news: Nipsey Hussle celebration of life funeral service
More news: House passes bill to restore 'net neutrality' rules
More news: Snapchat revamps Android version app

Comments by Moore saying he'd be on a "steep learning curve" as to how the Fed operates reflected "a little modesty" by the Heritage Foundation official, Kudlow said. "More than I've ever seen", he responded, appearing to indicate that people make allegations in D.C. against important people, sometimes without reason or cause.

"I happen to think that's a terrific point". In March, he also said he would nominate Moore, a former 2016 campaign adviser, to a seat. There are now two vacancies on the seven-member Fed Board. I'm sure the Senate Banking Committee will do likewise.

Cain suspended his bid for the Republican nomination for president in 2011 after multiple women accused him of sexual harassment when he was head of the National Restaurant Association in the 1990s and one woman claimed she had a 13-year affair with Cain. "They don't necessarily pan out". "I'm just not going to let the accusers run my life or determine my career".

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

"Whether or not I make it through this process - Time will tell", Cain said.

Related Articles

  • Fossilized remains of 430 million-year-old 'sea monster' found

    Fossilized remains of 430 million-year-old 'sea monster' found

    Jeffrey Thompson, Royal Society Newton International Fellow at University College London and co-author of the research. The process happened so fast that soft parts didn't have time to decay, becoming preserved as sparry calcite.

    Lady Vols to hire Harper from Missouri State

    She has also served as the head coach at Western Carolina and North Carolina State, and she was also an assistant coach at UTC. Harper will end her Missouri State career with a 118-79 in six seasons with a 78-30 record in the Missouri Valley Conference.
    Cancel process for Turkey's European Union  accession - Salvini

    Cancel process for Turkey's European Union accession - Salvini

    Salvini is meeting Monday in Milan with leaders of the Danish People's Party, The Finns Party and Alternative for Germany . Salvini said talks with Turkey, which have been suspended, should be canceled.
  • Uganda police says arrests made in kidnapping of American tourist

    Uganda police says arrests made in kidnapping of American tourist

    The spokesperson did not disclose how many suspects were arrested, saying that may jeopardize the ongoing investigations. Police handed Endicott over to the U.S Embassy in Kampala on Monday, according to a tweet from the Uganda Police Force.
    Early Samsung Galaxy S10 5G units face connectivity issues

    Early Samsung Galaxy S10 5G units face connectivity issues

    SK Telecom and LG Uplus noticed that the complaints have gone down after updating their base stations. After waiting for over two months, Samsung finally launched Galaxy S10 5G last week in South Korea .
    Netanyahu's main rival party admits defeat in Israeli elections

    Netanyahu's main rival party admits defeat in Israeli elections

    Commenting on the election, Palestinian chief negotiator Saeb Erekat said: "Israelis have voted to preserve the status quo". Trump is expected to release his administration's long-awaited Middle East peace plan after the election.
  • Praise! Wendy Williams Finally Files For Divorce From Her Trifflin' Husband

    Praise! Wendy Williams Finally Files For Divorce From Her Trifflin' Husband

    Hunter has been the topic of persistent cheating rumors, including a claim that he fathered a child with a long-time mistress. The breakup news comes after a hard time for the TV personality, who recently revealed that she was living in a sober house .
    Trudeau broke law by kicking former ministers out of caucus, Philpott says

    Trudeau broke law by kicking former ministers out of caucus, Philpott says

    Trudeau says that while people disagree in politics, there are consequences for telling lies about one's partisan adversaries. The underlying notion, as Philpott told the House, is that MPs are not accountable to the leader, but he or she to them.
    Valentine Holmes seals deal with massive National Football League  club

    Valentine Holmes seals deal with massive National Football League club

    Wade was also capped for England in 2013 and was part of the British and Irish Lions squad to tour Australia that same year. He effectively walked away from a $5 million, five-year contract to pursue his National Football League dream.
  • Drink-driving charge for Drinkwater after 'chav' party

    Drink-driving charge for Drinkwater after 'chav' party

    Police were called to reports of a one-vehicle crash on Ashley Road in Mere at 00:30 BST and arrested the footballer. The Englishman was released on bail and will face the Stockport Magistrates' Court on May 13.

    AT&T turns on mobile 5G in parts of seven more cities

    AT&T was, by some measures, the first carrier to roll out 5G wireless services in late 2018 . The situation is not much better with the 5G-enabled smartphones.
    Adani's Carmichael coal mine gets all-clear from Federal Government

    Adani's Carmichael coal mine gets all-clear from Federal Government

    It will tell residents it wants the Queensland government to get the project up and going so it can deliver thousands of jobs.