Romney Blasts Trump Over Herman Cain Pick for Fed

Mitt Romney

In an interview with Politico,  Republican Senator Mitt Romney brushed off the prospect of President Trump officially nominating Herman Cain: to fill one a vacancy at the Federal Reserve Board.


 “I doubt that will be a nomination. But if it were a nomination, you can bet [what] the interest rates he would be pushing for. If Herman Cain were on the Fed, you’d know the interest rate would soon be 9-9-9,” Romney said in an interview on Thursday afternoon.

Later Thursday, Trump announced that he had “recommended“ Cain for the position.

As I originally posted about a Cain nomination, Trump most certainly holds that Cain would be an easy money man. On the other hand, Cain has displayed a desire for the United States to return to a quirky type of gold standard.

Romney was non-committal on Trump's other Fed nominee Stephen Moore, who is a hardcore, off-the-wall, monetary inflationist.

Romney has it butt-backwards. Moore is the obvious problem.

-RW