Trump Considering Herman Cain For Federal Reserve Seat

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Bloomberg News reported Thursday that President Trump is considering nominating former Godfather’s Pizza CEO and 2012 Republican presidential candidate Herman Cain to a seat on the Federal Reserve Board.

According to the report, President Trump reportedly met with Cain on Wednesday at the White House to discuss a potential appointment to one of two vacant spots on the Fed board.

Cain, 73, is a former chairman of the Kansas City Fed, having served at the bank from 1989-96 before leaving to pursue political activities full time.

Cain first rose to national prominence in 2012 when he spent a brief period as frontrunner for the GOP presidential nomination.

He is likely most famous for his idea to replace the entire U.S. tax code with 9 percent taxes on personal income, corporate income and sales, a proposal he called the 9-9-9 plan.  

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