Politics | Herman Cain Name of Next Fed Pick Will Likely Ring a Bell President will reportedly nominate Herman Cain, former presidential candidate By Newser Editors Posted Apr 4, 2019 1:48 PM CDT Copied Herman Cain speaks in Washington in 2014. (AP Photo/Molly Riley) President Trump is apparently intent on putting another friendly face on the Fed. Both Bloomberg and Axios report that Trump will pick Herman Cain, the former CEO of Godfather's Pizza who ran for president in 2012. Axios says Trump is holding off on announcing the move until a background check comes up clean. (Cain supporters will remember that he pulled out of the 2012 race after allegations of sexual impropriety surfaced.) Trump has two spots to fill on the Federal Reserve board, and he's previously settled on conservative Stephen Moore for the other. Bloomberg sees both Moore and Cain as "political loyalists" in regard to Trump, who frequently criticizes current Fed chief Jerome Powell. Read These Next Officials say ICE agent who shot Renee Good had internal bleeding. California officials have a serious warning about mushrooms. Kiefer Sutherland has first run-in with police in years. FBI conducts 'exceedingly rare' search on journo's home. Report an error