Cain would be Trump’s second proposed addition to the Fed in as many weeks, the other being longtime partisan operative Stephen Moore. Of course, that benign neglect led to some policy outcomes the president has disliked — specifically, higher interest rates. Like Moore, Cain has some baggage. Way worse baggage, in fact: Cain dropped out of the 2012 Republican presidential primary after at least four women accused him of sexual misconduct. To put it bluntly: When it comes to understanding pretty basic policy issues, Cain isn’t able.

Source: Washington Post April 04, 2019 23:37 UTC