Top Senate Democrat Says Trump’s Fed Picks Unqualified
April 9, 2019, 7:45 PM
Top Senate Democrat Says Trump's Fed Picks Unqualified
Senate Minority Leader Chuck Schumer, D-N.Y., joined at right by Sen. Amy Klobuchar, D-Minn., speaks to reporters at the Capitol in Washington, April 9, 2019.
Rob Garver contributed to this report
The top Senate Democrat says President Donald Trump's picks to fill two vacant seats on the Federal Reserve Board are unqualified for the job.
Trump has nominated former pizza chain boss Herman Cain and conservative economic commentator Stephen Moore for the Fed — posts that need Senate confirmation. Both are strong Trump supporters.
FILE – Former Republican presidential hopeful Herman Cain speaks at the National Press Club in Washington, Jan. 24, 2012.
"I don't see the qualifications of Cain or Moore fitting in with the mission of the Fed, which is to conduct monetary policy and not be political," Sen. Chuck Schumer said Tuesday.
Cain is best known as the former CEO of the Godfather's Pizza chain and a failed 2012 Republican presidential candidate.
He had several top positions at the Federal Reserve Bank of Kansas City. But local Fed boards do not set monetary policy and do not have the global impact that the main Federal Reserve has.
Stephen Moore was a Trump campaign economic adviser and is a TV commentator and columnist for The Wall Street Journal.
Opponents to their nominations say they could compromise the Fed's credibility as an independent policymaking body that responds only to economic trends, not politics.
Chief White House economic adviser Larry Kudlow told CNN television that Cain and Moore are both "very smart people" and said Trump has "every right to put people on the Federal Reserve board … who share his philosophy."
But Cain has faced charges of sexual harassment, which he denies, and Moore owes more than $75,000 in back taxes. He was once found in contempt of court for failing to pay $300,000 in alimony and child support.
Senate Republican Leader Mitch McConnell has not commented on the qualifications of either man, only saying "We're going to look at whoever the president sends up."
AMAC SAVING THE NATION - BOOTCAMP FOR PATRIOTS SPECIAL6-19-26 at 12NOON ET.
JOIN ERIC BOLLING LIVE AT THE REDNECK RIVIERA IN NASHVILLE ON JUNE 26TH
If you're in the greater Nashville area, you won't want to miss this!
Join Eric Bolling LIVE this Friday, June 26, for Main Street America Live: Redneck Riviera from John Rich's legendary Nashville venue. Meet fellow patriots, enjoy live music, and be part of our live audience for this special Summer Series event.
🎟️ Tickets are limited and going fast: https://bit.ly/4a46yYp
CELEBRATE FREEDOM - LIVE BROADCAST CONCERT EXPERIENCE
We invite you to join us for "Celebrate Freedom" Live Broadcast Experience at Marty B'S in Texas this Memorial Day weekend. Special performances by Natasha Owens, DPAK, and Celeste Kellogg. The event begins at 5PM ET. only here on Real America's Voice! Sponsored by: PreBorn and Patriot Mobile.
REDEDICATE 250 — A NATIONAL JUBILEE OF PRAYER PRAISE AND THANKSGIVING
WATCH SECURING AMERICA WITH FRANK GAFFNEY M-F AT 5AM ET.
WATCH DAYBREAK WITH STEVE & IVEY GRUBER M-F FROM 6-8AM ET.
WATCH THE AMERICAN SUNRISE SHOW M-F AT 8AM ET.
WATCH THE LATEST EDITION OF WAR ROOM WITH STEVE BANNON
WATCH THE CHARLIE KIRK SHOW M-F AT 12NOON ET.
HUMAN EVENTS DAILYWITH JACK POSOBIEC
CATCH THE LATEST AMERICA'S VOICE LIVE SHOW
JOIN THE ERIC BOLLING SHOW M-F AT 4PM ET.
WATCH JUST THE NEWS - NO NOISE
THE GRANT STINCHFIELD TONIGHT SHOW M-F AT 7PM ET.
WATCH LIVE FROM STUDIO 6B M-F AT 8PM ET.
WATCH AMERICA SPEAKS WITH WAYNE ALLYN ROOT
TURNING POINT TONIGHT SHOW M-TH AT 10PM ET.
CATCH THE AFTER HOURS SHOW WITH ALEX STEIN M-F AT 11PM ET.
WATCH THIS WEEK'S BREAKING POINT WITH DAVID ZERE
CATCH THE ROYCE WHITE SHOW EVERY SATURDAY MORNING AT 9AM ET.
WATCH AMERICA'S TOP 10 COUNTDOWN SATURDAYS AT12 NOON ET.
ON THE INSIDE WITH JAMES O'KEEFE SATURDAYS AT 1PM ET.
WATCH RINGSIDE POLITICS WITH JEFF CROUERE - SATURDAY'S AT 2PM ET.
JOIN THE TED NUGENT SPIRIT CAMPFIRE SHOW SATURDAYS AT 3PM ET.
WATCH THE CASE FOR AMERICA EVERY SATURDAY AT 4PM ET.
WATCH THE CASE FOR AMERICA WITH TRENISS EVANS - SATURDAYS AT 4PM ET.
LAST CALL WITH MIKE CRISPI - SATURDAYS AT 8PM ET.
WATCH THE LATEST COWBOY LOGIC BARN PARTY
WATCH AMERICA SHINES WITH AUBREY SHINES SUNDAYS AT 6AM ET.
WATCH GET REAL WITH DAVID DESROSIERS - TUNE IN SUNDAYS AT 3PM ET.
WATCH THE SHEMANE NUGENT FAITH & FREEDOM SHOW SUNDAYS AT 2PM ET.
MEDIA EXPOSED WITH ADAM WEISS SUNDAYS AT 6PM ET.
WATCH SMACK DOWN WITH DARREL SCOTT - SUNDAY'S AT 7PM ET.
CATCH THE LATEST EPISODE OF LAW & BORDER WITH BEN BERGQUAM
CHECK OUT THE RIGHT NEWS SHOW WITH JAVIER NEGRE SUNDAYS AT 8PM ET.
FACT CHECK: Trump Tries to Pin Child Separations on ObamaNext PostPresidential Candidate Yang’s ‘Freedom Dividend’ Stirring Interest
