The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019.
Axios quoted two senior administration officials as saying Trump wants to nominate Cain however would like to await his background check.
Economists and critics have expressed concerns about loyalists of Republican Trump serving on the traditionally nonpartisan central bank.
"When Powell was first appointed, he might have gotten a chilly reception from our caucus" because he was elevated to Fed chair by Trump, Sherman said. Moore and Cain would likely be similarly beholden to Trump. "We also know that moving too slowly - keeping interest rates too low for too long - could risk other distortions in the form of higher inflation or destabilizing financial imbalances", Powell said on November 28.
The president nominates members to the Fed's seven-member board of governors and Trump elevated Powell to chairman a year ago.
In recent days Trump tried to take a slightly softer tone, telling Fed Monday leaders to "Take the victory!" of a solidly growing economy with "virtually no inflation" and not ruin all the good by raising interest rates. We've seen how a responsible Fed board should behave, and it sets the standard the U.S. Senate should expect before approving a nominee: At the height of the financial meltdown in 2008, then-chairman Ben Bernanke made the case to President Bush for a necessary but deeply unpopular bank bailout.
Moore has said recently he wanted to accommodate Trump's policies, that he feels the president's reelection was necessary for the country's economic success, and wants to do battle with what he calls "growth-phobiacs" at the Fed. "He's not a political person in any way", she said. I think they really slowed us down.
It happened right outside " Love Machine " nightclub near Chapel Street, and it left one dead and another in critical condition. The victims suffered "horrific injuries" from a weapon fired in close proximity, he added. 'This is just a horrendous act.
On the same day, we'll see The Golf Club 2 added to Game Pass, then on April 18 , it'll be Monster Hunter: World's time to shine. This new Game Pass expansion will be wrapped up on April 25 with the release of the Xbox One port of Resident Evil 5 .
WhatsApp might be the best communication app today, but it is also the source of fake news and annoying messages. There could be a possibility that you might not witness this feature as it is still under development phase.
A witness told WCCO that the child's mother was screaming that someone had thrown her child from the balcony. He says police don't think there is any relationship between the man and the child or the child's family.
It is not known if the man in the auto was wounded, but he was eventually removed from the vehicle and detained by police. British police opened fire after a vehicle rammed into the Ukrainian ambassador's official vehicle on Saturday morning.
Proceeds of this album will go towards the Tim Bergling Foundation , which vows to help those suffering from mental illnesses. The statement said "When Tim Bergling passed away on 20 April 2018, he was close to completing a new album".
Two general managers removed from Sam Hinkie and trusting the process, Elton Brand made two major acquisitions during this season. Embiid has been dealing with a knee injury which has kept him sidelined for four of Philadelphia's last six games.
The satellite is created to provide television, internet, telephone, and secure communications to customers in the Middle East. The SpaceX launch, which also happened to be the Heavy's second-ever flight, delivered a Saudi Arabian satellite into space.
Three other Americans were wounded in the blast Monday, which Afghan officials said was a vehicle bomb targeting a convoy. Slutman was awarded the Fire Chief Association Memorial Medal for saving a woman's life in a Bronx fire in 2013.
The massacre took place in the walled enclosure of Jallianwala Bagh, which is still pockmarked with bullet holes. Many are demanding apology from Britain for the gruesome mass murder that took place a century ago.
Giant Stratolaunch aircraft lands initial flight
Stratolaunch's first flight presents the company with a new set of hoops to jump through before it can start doing business. The test flight on Saturday enabled the Stratolaunch test team to conduct standard aircraft testing exercises.
Apple Podcasts now offers web playback feature
Controls are pretty simple - just hit "play" - but this means you won't automatically be booted to iTunes to listen. In addition, Apple is clearly pursuing its strategy of aligning the code of its apps as an integral part of macOS .
Los Angeles Lakers Part Ways With Walton
A press conference in Sacramento officially announcing Walton's hire likely will come early next week. Rondo, who is on the sixth team of his career, praised Walton for his ability to relate to players.
Huesca holds experimental Barcelona side
Valverde fielded an nearly unrecognizable starting 11 on Saturday in a 0-0 draw at Huesca , the Spanish league's bottom team. With the league title seemingly locked up with only six rounds left, Valverde put his focus on United's visit on Tuesday.
Nintendo Labo VR Kit out now in South Africa
For those of us in South Africa the VR Kit can be bought right now, but where you buy it from is important here. This is where Nintendo has come to the rescue, with a brand new VR experience that the whole family can enjoy.
Guardiola defends Man City after Gundogan criticism
Guardiola made it clear he does not share his player's opinion, however, saying: "I think I don't agree with him; absolutely not". We have sometimes made decisions that are hard to understand, but we win and everyone says we are genius.
Warriors' Curry leaves with sprained foot
The six-time All-Star had been limited to just 56 games this season due to various injuries and his trade request in January. Curry did not address the media after the game but appeared to be in good spirits as he got ready to leave the locker room.
Vasyl Lomachenko Vs. Anthony Crolla Live Stream
The fight was promoted by Top Rank Boxing and aired live on the Worldwide Leader in Sports' digital streaming service, ESPN+. Lomachenko dug blistering punches to the head and body, forcing Crolla (34-7-3, 13 KOs) on the defensive from the start.