Federal Reserve Chairman Powell holds news conference following two-day policy meeting in Washington
"If Herman Cain were on the Fed, you'd know the interest rate would soon be 9-9-9", Romney said, referring to Cain's famous pitch for the presidential nomination wherein he promised a 9% tax on personal income, the federal sales tax and on the corporate rate.
House Speaker Nancy Pelosi on Thursday lambasted President Donald Trump's latest Federal Reserve picks, saying Herman Cain and Stephen Moore are "ill-suited", "unqualified", and the "worst" appointments the President could make. He will need to be confirmed by the Senate.
In his International Monetary Fund speech, the Treasury secretary also said that he doesn't see the US returning to the gold standard - an idea advocated by Cain and to a lesser extent, Moore.
A former CEO of Godfather's Pizza, cain, conducted for the 2012 Republican nomination but fell out after allegations of sexual harassment and infidelity.
Republicans have been "making a behind-the-scenes play" to get Trump to "back off" his nomination of Cain, Politico reported on Tuesday. Sen.
Barr challenged on Trump exoneration question
Democrats said they were concerned that Barr's letter portrayed the investigation's findings in an overly favorable way for Trump. Some Democratic lawmakers have gone so far as to accuse Barr of " hiding the ball " or perpetrating a " cover-up ".
"I like Herman Cain", he told reporters.
Trump said he wasn't aware of how senators feel about Cain. "As to how he's doing in the process that I don't know... Herman's a great guy and I hope he does well".
Treasury Secretary Steven Mnuchin also offered some support for the two potential nominees.
"I don't think there's any reason whatsoever to be concerned about the independence of the Fed", Mnuchin said. "He and Stephen Moore are people who really understand what the president's philosophy is in this economy. That's what he would be facing going into the process".
Moore's projections for US economic growth far outpace the 2% growth most Fed policymakers say is the economy's speed limit over the long term. "That does restrain growth".
Recommended News
-
12 April 2019Miami Heat waive Rodney McGruder in effort to dodge luxury tax
Kawhi Leonard had 22 points for Toronto, Serge Ibaka had 12 points while Marc Gasol had eight points and 10 rebounds. When asked what coaching Wade has meant to him, Heat coach Eric Spoelstra said he "could go on for days".
12 April 2019President Trump Tweets Misrepresented Approval Numbers from Fox
But the graphic wasn't entirely wrong - the poll did find that Trump had a 58% approval rating on the economy. The Labor Department also said the number of people seeking unemployment benefits fell to a 49-year low.
12 April 2019Trump's sister retires to avoid fraud investigation
At 82, she's been an inactive senior judge on the court not hearing cases, according to a New York Times report Wednesday night. Barry's retirement ended the investigation immediately because retired judges are no longer subject to judicial conduct rules. -
12 April 2019Falcon Heavy sends first commercial satellite into orbit
And smooth it was: All three of the Falcon's rockets guided themselves home once they'd served their objective . It consists of the equivalent of three Falcon 9 rockets combined, tripling its thrust.
12 April 2019Al Sisi White House Visit: Egypt-US Relations "Never Been Better"
Tuesday's meeting will be the sixth between both presidents and Sisi's second visit to the White House . El-Sissi led the 2013 military overthrow of elected but divisive Islamist President Mohammed Morsi.
12 April 2019Wendy Williams has filed for divorce from Kevin Hunter
Despite their longtime marriage being riddled with rumors of infidelity for years, neither party has confirmed them. A source told the New York Post: " Wendy is not in a good way, everyone is so concerned for her". -
12 April 2019McConnell won't say if Senate would back Herman Cain for Fed
The White House offered no fresh comment Thursday about Trump's intentions, referring reporters to his earlier comments about Cain.Oprah Winfrey Claps Back At "Hateration" Over "Leaving Neverland" Interview
In the popular insert, Trevor asked Oprah if she ever runs out of cellphone battery, or toilet paper - like us mere mortals. It was a position she had only found herself in once before.
12 April 2019City of Chicago makes good on threat against Jussie Smollett
His lawyers excoriated the city for threatening to sue him and said he would defend himself vehemently against such a lawsuit. The City Of Chicago has officially sued Jussie Smollett for allegedly filing a fake police report and lying to authorities. -
12 April 2019Raiders reportedly could take first-round QB, 'very high' on Dwayne Haskins
CBS Sports, meanwhile, projects Penn State's Miles Sanders for the 87th overall pick, which we've seen before . According to Michael Middlehurst-Schwartz of USA Today, 23 players will attend the draft.
12 April 2019Grizzlies fire coach Bickerstaff
The Grizzlies reached the playoffs seven straight years before missing in each of the past two seasons. If that's the direction the franchise takes, it will be spearheaded by a new front office.
12 April 20191 dead, 15 injured in North Carolina gas explosion
On Wednesday afternoon, jagged roof beams jutted out of the collapsed building, along with bent sheet metal, bricks and wood. The Durham School of the Arts is nearby and reported no injuries but said it was sending students home early.
