Trump picks Herman Cain for Federal Reserve spot

President Trump announced Thursday that he was nominating former Godfather’s Pizza president Herman Cain to an open seat on the Federal Reserve.

“I have recommended Herman Cain. He is a very terrific man, a terrific person. He is a friend of mine,” Trump told reporters at the White House.

“I have told my folks that that’s the man,” Trump said.
Trump’s pick of Cain to fill a spot on the seven-person Board of Governors follows the controversial choice last week of Heritage Foundation economist Stephen Moore to fill a different open seat.

Cain mounted an unsuccessful Senate bid in Georgia in 2004 and ran for president in 2012, both times as a Republican. The latter campaign ran aground following accusations of sexual harassment by Cain during his tenure as president of the National Restaurant Association. Cain denied the charges but ended his campaign shortly afterwards.