More seriously, Mr Cain has also faced multiple sexual harassment allegations.
The president last month offered a Fed position to another ally, conservative economist Stephen Moore.
Trump has been a vocal and strident critic of the Fed's rate hikes under Jerome Powell, whom the president picked two years ago to chair the US central bank.
In a 2012 Wall Street Journal column, Cain argued that the Fed's policies had manipulated the value of the dollar. "I've recommended him highly for the Fed".
Board members have a vote on setting interest rates every time US central bankers meet, making them among America's most powerful officials for economic policy.
Health department confirms IN first measles case IN 2019
In 2017, there were no confirmed measles cases in the Military Health System , compared with 120 in the civilian population. Health officials say the best way to stop the disease's spread is a vaccination rate in the community of 92 to 95 per cent.
May asks EU for Brexit delay until June 30
The Prime Minister had previously argued that remaining in the customs union would hinder the UK's ability to strike deals. The letter reflects deep fissures within Labour over whether to demand a confirmatory vote as part of any compromise.
That includes Chairman Jerome Powell, a former investment banker, who the President has repeatedly accused of trying to undercut him politically by raising interest rates, which Trump believes will slow down the economy. The vocal Trump supporter since the 2016 presidential election has been a longtime critic of the Fed. But his candidacy imploded after he was accused of sexual harassment during his time at the helm of the National Restaurant Association in the 1990s, and an Atlanta woman alleged they had an affair for 13 years.
Mr. Trump said officials are doing a background check, though he thinks Mr. Cain will be in "great shape".
Romney was referring to Cain's proposal from his 2012 presidential campaign that would erase all existing taxes and implement a 9 percent personal income tax, a 9 percent federal sales tax, and a 9 percent corporate tax.
Asked if he had any concerns, Trump said: "None whatsoever". It would be saying too much to pretend these sorts of appointments are some unprecedented blow at an imagined previously completely unpoliticized Fed, but it still isn't promising for intelligent long-term decision-making from the body. Mr. Moore blames those increases for a drop in commodity prices at the end of a year ago.
"The Fed should reverse its disastrous rate hikes" of September and December. Since January, the Fed has reversed course and now says it foresees no further rates hikes this year.
Expectations are mounting among investors that the Fed could even cut its benchmark lending rates.
Earlier this week, The Hollywood Reporter published an article assessing the latest box office projections for Avengers: Endgame . Turns out, even the high end was too low - the movie breezed past that for an opening week domestic box office of $257 million.
Authorities say Holder and Hussle, who knew each other, has several conversations Sunday outside Hussle's The Marathon store. Prosecutors filed charges against alleged shooter Eric Holder on Thursday before he was set to appear in Los Angeles court.
As for the pricing, the iPhone XR 64GB variant is now available for Rs. 59,900 on Amazon.in following the price cut. Now, a report from Reuters is claiming that after China, Apple has also reduced iPhone XR prices in India.
The agency was also reluctant to ground the planes after the Ethiopian Airlines crash and was among the last agencies to do so. The pilot had reported technical difficulties after takeoff and asked for clearance to return to Addis Ababa .
The agency was also reluctant to ground the planes after the Ethiopian Airlines crash and was among the last agencies to do so. Federal Aviation Administration regulator, under fire for its certification of the MAX, cautioned the inquiry was not over.
Kit Harington's SNL episode, which features musical guest Sara Bareilles , will air on Saturday evening at 11:30/10:30c. Kit was promoting the HBO show and his upcoming hosting gig this weekend on Saturday Night Live .
Chinese Vice President Liu He is in Washington just days after wrapping up talks last week in Beijing. There has been a lot of convergence on the agenda of the talks in the U.S. and Chinese statements.
But the ASAT test was "intentionally done at a lower orbit of 280 km to ensure that the debris decay very fast", Reddy said. The idea began around 2014 and development started in 2016 with a go-ahead from the government.
Brunei's LGBT community has expressed fear at the prospect of living under the Islamic law. Brunei is the first country in the region to introduce sharia on a national level.
Benzema Brace Leads Real Madrid Past Eibar
Asked if he had made any decisions on incomings and outgoings this summer, Zidane said: "No, I haven't". Marco Asensio did brilliantly to weave into space and dig out the cross.
Clever kitty: Cats know their names
The discovery sheds light on cats' ability to communicate with humans and suggests that they're able to learn specific words. Researchers in Japan conducted experiments with cats from both households and multi-cat "cat cafes".
What's new in the Windows 10 May 2019 Update?
The active hours feature arrived with the Anniversary Update in 2016, and you were supposed to configure it manually. Beyond that change, the May 2019 update will allow users to push back feature updates until it reaches end-of-life.
Trump 'not concerned' with security breach at Mar-a-Lago
Earlier in the hearing, Zhang told a federal judge that she had been in the U.S. with her family for only a short time. Trump praised the work of the Secret Service, saying he "could not be happier" with their handling of the incident.
Where to snag freebies and deals on National Burrito Day
If you're a member of Qdoba's rewards program, you'll get triple points for burrito and burrito bowl purchases on April 4. Check out these tortilla print blankets that wrap you up into a human burrito-a.k.a. everything you've ever wanted.
AOC to Trump on Tax Returns: 'We Didn't Ask You'
"It's happening and it's happening as a effect of humans releasing hundreds of years' worth of carbon within a span of decades". Florida Congressman Matt Gaetz recently unveiled his 'Green Real Deal, ' outlining a set of pragmatic environmental policies.
Chicago to sue Smollett after he refuses to pay
And notably, not a single African American police chief stood among the many from suburban towns urging Foxx to go. It's not just that Foxx dropped the charges against Smollett, it's that she failed to notify the police chiefs.