President Trump has told confidants he wants Herman Cain on the Federal Reserve Board, but will wait until his background check is completed before making the formal announcement, reports Axios.
"He won't formally announce until the vet is completed ... But he likes Cain and wants to put him on there," said a senior official who has discussed the matter with the president.
Cain served in multiple positions within the Fed system at the Kansas City Federal Reserve between 1989 and 1996. He served as CEO of Godfather's Pizza and ran for the 2012 GOP president nomination, but dropped out after sexual harassment allegations sank his candidacy.
No doubt Trump believes that Cain will go along with the President's desire for an easy money policy.
-RW
UPDATE: Trump officially announces Cain nomination to Fed.
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