Tag Archives for " Federal Reserve "

Herman Cain, former GOP presidential candidate, dies after battle with coronavirus

Herman Cain, former GOP presidential candidate, dies after battle with coronavirus 1Herman Cain, a former presidential hopeful who was once considered by President Donald Trump for the Federal Reserve, has died after being hospitalized with the coronavirus. He was 74.

Cain’s death was announced Thursday on his website by Dan Calabrese, who edits the site and had previously written about his colleague’s diagnosis.

“Herman Cain – our boss, our friend, like a father to so many of us – has passed away,” Calabrese said in the blog post.

Cain was among the highest-profile public figures in the United States to have died from Covid-19. A 74-year-old survivor of stage 4 colon cancer, Cain had been a business executive and the board chairman of a branch of Kansas City’s Federal Reserve Bank before moving into Republican politics and eventually becoming a presidential candidate.

Last year, Trump briefly considered picking Cain as his nominee to join the Federal Reserve Board. Cain remained a vocal supporter of Trump’s after his nomination was withdrawn, and he attended the president’s controversial reelection rally in Oklahoma in June, shortly before being diagnosed with the coronavirus.

Calabrese did not immediately respond to CNBC’s request for additional comment.

Cain had been hospitalized in Atlanta on July 1, two days after being told he had tested positive for Covid-19, according to a statement posted to his social media accounts at the time.

Source: Herman Cain, former GOP presidential candidate, dies after battle with coronavirus

Stephen Moore has withdrawn from Fed consideration, Trump says

From the article:

Conservative economics pundit Stephen Moore has withdrawn his bid to be appointed to the Federal Reserve Board — within hours of boasting that he expected to be easily confirmed by the Senate — President Donald Trump said Thursday in a Twitter post.

Moore’s putative nomination for the central bank had faced intense criticism and scrutiny after Trump said he wanted him on the Federal Reserve board.

Moore, a 59-year-old visiting fellow at the Heritage Foundation think tank, drew fire for his economic views, a messy divorce, a $75,000 IRS income tax lien and past statements that belittled women.

“This is kind of a victory lap for the left because they took me down with a smear campaign,” Moore said in an interview with Fox Business News on Thursday.

Source: Stephen Moore has withdrawn from Fed consideration, Trump says