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President Trump's Picks for the Federal Reserve Board
Apr 9, 2019 at 02:40 PM
Photo by Gage Skidmore

The Quick Facts

  • Currently, the Federal Reserve Board of Governors has two vacancies, and President Trump recently announced he will nominate Stephen Moore and Herman Cain to the board.
  • Moore is a former campaign and policy adviser for Trump. He has served as the chief economist of the Heritage Foundation and as a member of the editorial board of The Wall Street Journal as an economic commentator.
  • Cain is a Republican politician who unsuccessfully ran for president in 2012. Previously, he was the CEO of a major pizza chain and served as chairman of the Federal Reserve Bank of Kansas City.
  • The Federal Reserve Board is made up of seven members serving 14-year terms. The governing board oversees the Federal Reserve Banks and helps implement monetary policy of the United States.
  • Moore and Cain are currently being vetted for the positions. They will need to be confirmed by the Senate.

Food For Thought

Are Stephen Moore and Herman Cain wise picks for the Federal Reserve Board? Should the Senate confirm them?

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