The Federal Reserve sent some important signals this week about the state of the U.S. economy. WSJ's Gerald F. Seib explains why that spells good news and bad news for President Trump. Photo: GettyPresident Trump said Thursday he intends to nominate former GOP presidential candidate Herman Cain to the Federal Reserve’s board of governors, signaling his desire to remake the nation’s central bank after complaining about it for months. The selection of Mr. Cain, following the president’s decision to nominate his former campaign adviser Stephen Moore, marks an effort to install two Fed critics and loyal Trump supporters on the central bank’s powerful seven-seat board.

Source: Wall Street Journal April 04, 2019 17:33 UTC