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    Why Trump Is Serious About Herman Cain

    The president is ready to nominate the former Godfather’s Pizza executive, seeking a more compliant Fed board.
    by Peter Nicholas Apr 09, 2019 5 minutes
    Source: Molly Riley / Associated Press

    A couple of months back, President Donald Trump privately told aides that he was ready to make a surprise announcement and that he would shake up the nation’s central bank with an unconventional pick for the governing board: Herman Cain, best known for an ill-fated presidential bid.

    They suggested he hold back. Cain faced sexual-harassment allegations when he ran, in 2012. One aide told Trump that it would be a good idea to put Cain through a background check before nominating him for the Federal Reserve Board. Vetting is still under way, but Trump has settled on Cain and often checks up on his progress. Has Cain gotten his paperwork together? Trump asks. Have any fresh obstacles emerged?

    Rumors about Cain’s nomination have swirled for months. Over the winter, another aide had told me that Cain’s candidacy wasn’t “serious.”

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