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

Posted April 15, 2019

Some of Trump's closest advisers want the Federal Bureau of Investigation to finish its background check before he makes his decision on whether to formally nominate Cain, but others said they are aware of the misgivings of GOP senators and that they wouldn't be surprised if Cain withdraws.

"If I had to vote today, I would vote no", Senator Kevin Cramer said in a statement. Trump had reiterated his support for Cain as late as Wednesday night, he said.

Of Cain, he added: "My concerns stem, as we talked about earlier, from the initial sexual harassment allegations, which are hard to explain". All of that said, again, I'd prefer to not have to vote on him. Cain, 73, has called the allegations unfounded.

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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. 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. "He has a lot of experience", he told reporters. "I think that's a risk". Republicans control 53 seats of the 100-chamber Senate, and losing the support of four members means Cain would need help from Democrats, which appears unlikely.

"Most of the people who have been circumspect and haven't even come out directly against Cain have said we are going to have to wait and see during the confirmation process what the vetting process brings to bear", Booth told said during an interview on "Cavuto: Coast-to-Coast". GOP leaders, including Republican Whip John Thune, have said they don't expect Democratic defections.

Moore, asked about the criticisms leveled against Cain and himself for being political, said "I'm a policy guy and he's a businessman, and I think most Americans like the idea of putting non-PhD economists, non-academics into the Fed".

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"I don't think I've ever really said anything much about the gold [standard]", he insisted. "I do think there are two obviously critical components of making a nomination. One is the background check and the other is likelihood of confirmability, and as you know, some of my members have expressed concern about that nomination". The plan to nominate Cain, announced last week, follows the nomination of Trump's former campaign adviser Stephen Moore.

White House National Economic Council Director Larry Kudlow said Thursday the White House is sticking by Cain as candidate for the Federal Reserve Board seat.

Controversy over Cain's possible nomination, as well as that of economic commentator and Trump supporter Stephen Moore, continued on Thursday.

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