Trump also intends to nominate Herman Cain, the former pizza company executive who ran for the 2012 Republican presidential nomination, for the other vacant governorship, Bloomberg News reported on Thursday.
The president is unhappy that the Fed has raised rates. If approved by the Senate, Cain and Moore’s appointments would give him two political loyalists around a decision-making table that is meant to be politically independent and guided by consensus.
This article was provided by Bloomberg News.