Politics

Trump choice of Herman Cain for Fed board could face hurdles

Published

7 years ago

April 4, 2019

WASHINGTON (AP) — President Donald Trump said Thursday that he intends to nominate Herman Cain, a conservative political ally and former presidential candidate, for a seat on the Federal Reserve board.

“I’ve told my folks that’s the man,” Trump told reporters in the Oval Office, adding that Cain is undergoing background checks before a nomination.

“He’s a very terrific man, a terrific person,” Trump said. “He’s a friend of mine.”

The choice of Cain would mark the second nomination to elevate a Trump ally with deep roots in conservative politics to the Fed’s main policy-making body, a panel that the president has sharply criticized in recent months as insufficiently committed to low interest rates.

The president two weeks ago said he planned to nominate Stephen Moore for a separate vacancy on the board. Moore’s nomination has ignited criticism that he is unqualified and too politically minded to serve on the board of the world’s most influential central bank. By design, the Fed is supposed to remain free of political taint in order to maintain the trust of financial markets and global policymakers.

Cain, a former CEO of Godfather’s Pizza, ran for the 2012 Republican presidential nomination but dropped out after allegations of sexual harassment and infidelity.

The selections of Cain and Moore would require Senate confirmation, and their potential nominations could face hurdles in the Senate. Sen. John Thune, the Republican whip, said lawmakers would want to question both men.

“They all have to go through the process and see whether or not they’re a good fit — both in terms of qualifications and just the experience and everything else,” Thune said. “You want somebody on the Fed to be somebody who’s very knowledgeable on economic issues.”

The seven-member Fed board, along with presidents of the Fed’s regional banks, plays a critical role in the U.S. economy, holding meetings to debate and vote on interest rates that affect everything from currency values to mortgage rates to savings accounts to the health of the economy.

After Trump announced his intention to nominate Moore to the Fed board, published reports indicated that Moore had had a lien of more than $75,000 filed against him in January 2018 for unpaid taxes and that he has fallen behind on alimony and child support payments to his ex-wife.

Still, Larry Kudlow, Trump’s top economic adviser, told reporters Wednesday that the president remains “fully behind” Moore’s nomination. Moore served as a campaign adviser to Trump in 2016 and helped formulate the president’s signature tax cut plan.

Like Trump, Moore has been sharply critical of the Fed, asserting in December that Chairman Jerome Powell should be fired for supporting a fourth Fed interest rate hike that month. Moore now says that comment was written “in a time of anger.”

Cain met with Trump in January to discuss a possible nomination to the Fed board. But at the time, the White House said Trump was considering multiple candidates for the two vacancies on the Fed board.

Cain, who formerly served on the board of the Fed’s Kansas City regional bank, has also criticized the central bank’s policies. In a 2012 Wall Street Journal column, Cain argued that the Fed’s policies had manipulated the value of the dollar. In the article, he advocated a return to the gold standard as a way to control inflation — a position taken by some other Fed critics but which most economists call unworkable.

In September, Cain co-founded a pro-Trump super political action committee, America Fighting Back PAC. It features a photo of the president on its website and says, “We must protect Donald Trump and his agenda from impeachment.”

Cain dropped out of the race for the 2012 Republican presidential nomination after allegations that he had engaged in sexual harassment when he led the National Restaurant Association in the 1990s. An Atlanta woman also said she had conducted an extramarital affair with Cain for more than 13 years.

Cain called the allegations false but said he had “made mistakes in my life.” Before leaving the race, Cain had put forward a “9-9-9″ tax plan that called for replacing the current tax system with a flat 9 percent business and individual income tax, and a 9 percent sales tax.

Trump told reporters Thursday that he believed that after the background checks Cain would “be in great shape.”

“I find Herman to be an outstanding person,” he added.

Asked if he had any concerns, Trump said: “None whatsoever. He’s a highly respected man. He’s a friend of mine.”

Trump has repeatedly denounced the Fed leadership of Powell, whom he selected as chairman after deciding not to re-nominate Janet Yellen. In addition to choosing Powell for the chairmanship, Trump has nominated all the current Fed board members with the exception of Lael Brainard, who was nominated by Barack Obama.

Trump’s other nominees have held views more in line with traditional selections for the Fed board. The White House announced Thursday that Trump was nominating Michelle Bowman, a Kansas banking regulator, for a full 14-year term on the Fed. She joined the Fed last year, taking over a term that will end next year.

But Trump has grown increasingly unhappy with the Fed decisions under Powell, especially after the stock market tumbled last year as the central bank was hiking rates four times. Since January, the Fed has reversed course and now says it foresees no further rates hikes this year.

Even with that change, Trump has kept up his attacks on the Fed. Kudlow last week called for the Fed not only to pause rate hikes but to cut rates by a steep one-half percentage point and said the president believed that was the best course of action.

In a tweet Thursday, Trump said the economy was looking very strong “despite the unnecessary and destructive actions taken by the Fed.”

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Florida

Florida Sen. Shevrin Jones Will Not Seek Re-Election, Fuels Speculation About Congressional Run

Published

6 days ago

May 31, 2026

FNN NEWS

MIAMI, Fla. (FNN) — Democratic State Sen. Shevrin Jones announced Wednesday that he will not seek re-election to Florida Senate District 34, ending a 13-year tenure in the Florida Legislature and fueling speculation about a possible run for Congress.

Jones, who has represented Senate District 34 since 2020, shared the decision in a video posted on social media.

“After a lot of prayer, reflection, and honest conversations with the people closest to me, I’ve decided that I will not seek re-election to the Florida Senate,” Jones said.

13 Years in the Florida Legislature

Jones was first elected to the Florida House of Representatives in 2012, where he served until his election to the Florida Senate in 2020. During his legislative career, he emerged as one of South Florida’s most prominent Democratic lawmakers, advocating on issues including education, healthcare, economic opportunity, and civil rights.

His decision not to seek another term marks the end of more than a decade of service in Tallahassee.

Speculation Grows About Congressional Bid

Jones’ announcement comes as political observers speculate that he may be preparing a campaign for Florida’s 24th Congressional District.

The seat is expected to become open following Congresswoman Frederica Wilson’s decision not to seek re-election in 2026. Wilson has represented the district since 2011 and remains one of South Florida’s most influential Democratic leaders.

Although Jones did not formally announce plans for another office, he acknowledged public interest regarding his political future.

“I know there’s been a lot of conversation about what’s next for me,” Jones said. “And there will be time to talk about that at a later date.”

Open Congressional Seat Draws Attention

Wilson’s departure is expected to trigger a competitive race to succeed her in Congress, with several current and former elected officials reportedly considering bids for the seat.

Jones’ decision to leave the Florida Senate immediately places him among the names being discussed as a potential contender for the congressional district, which includes portions of Miami-Dade and Broward counties.

Florida

Former Air Force Colonel and Physician Rudolph Moise Seeks Florida Congressional Seat Vacated by Frederica Wilson

Published

6 days ago

May 30, 2026

FNN NEWS

MIAMI, Fla. (FNN) — South Florida Congresswoman Frederica Wilson has announced she will not seek reelection to Florida’s 24th Congressional District, creating an open-seat race that is expected to draw significant attention ahead of the 2026 election cycle.

Even before Wilson’s retirement announcement became public, Dr. Rudolph “Rudy” Moise had already shifted his political focus. Moise withdrew from the crowded race for Florida’s 20th Congressional District to pursue a campaign for the seat currently held by Wilson.

Moise Brings Military, Medical, Legal, and Business Experience

Moise is a longtime physician, attorney, businessman, and retired U.S. Air Force colonel. Over the years, he has built a public profile through his medical practice, community involvement, and repeated campaigns for federal office in South Florida.

His decision to enter the race immediately positions him among the most recognizable candidates seeking to succeed Wilson in Congress.

No Stranger to Running Against Wilson

Moise is no stranger to challenging Wilson at the ballot box.

He previously mounted two congressional campaigns against the longtime Democratic incumbent but was unsuccessful in his efforts to unseat her. Despite those defeats, Moise maintained a visible presence in South Florida politics and continued advocating on issues related to healthcare, economic development, public safety, and government accountability.

With Wilson now stepping aside, Moise will have his first opportunity to compete for the seat without facing the incumbent congresswoman.

Political observers note that Moise’s prior campaigns have given him valuable name recognition and an established network of supporters throughout Miami-Dade and Broward counties.

Redistricting Could Reshape the Political Landscape

Florida’s congressional map underwent significant changes following redistricting approved by Governor Ron DeSantis. The revised boundaries altered several congressional districts across the state, including portions of South Florida.

The new district configuration could create different political dynamics than those Moise faced during his previous campaigns against Wilson.

As candidates begin to organize for the 2026 election cycle, the open-seat contest is expected to attract a competitive field of Democratic and Republican contenders seeking to represent one of South Florida’s most prominent congressional districts.

With Wilson’s departure ending an era in South Florida politics, voters will soon decide who will succeed the veteran congresswoman and represent Florida’s 24th Congressional District in Washington.

Central Florida News

Puerto Rican Business Owner Tatiana Fernandez running for Orange County Commission District 8

Published

6 days ago

May 30, 2026

FNN NEWS

ORLANDO, Fla. (FNN) — The Orange County Board of County Commissioners recently approved a new District 8 seat to address the county’s continued population growth and expanding communities.

Tatiana Fernandez officially entered the race for the newly created Orange County Commission District 8 seat after announcing her candidacy on social media and filing the necessary paperwork with the Orange County Supervisor of Elections.

Fernandez Highlights Business, Advocacy, and Community Leadership Experience

Fernandez, a Puerto Rican-born business owner, autism advocate, and community leader, said her campaign is focused on strengthening families, supporting small businesses, and expanding opportunities throughout Orange County.

“Latinos are shaping the future of America,” Fernandez stated in her campaign announcement. “Together, we can build stronger communities, greater opportunities, and a brighter future for our children.”

Fernandez currently serves on the Orange County Commission on Aging Board, where she advocates for programs and services benefiting seniors throughout the county.

Her professional and community background includes:

• Business owner since 2015 with extensive experience in entrepreneurship and business development.

• Owner of Pantera Technical Services, a Women-Owned Small Business (WOSB) headquartered in Daytona Beach, Florida.

• On-the-job training provider for Florida Vocational Rehabilitation students since 2019.

• Autism advocate serving families in Seminole County since 2007.

• Fully bilingual in English and Spanish.

• Born and raised in Puerto Rico.

• Resident of Florida since 2004 after living in Boston from 1994 to 2000.

• Academic studies in banking, pre-law, finance, government relations, and healthcare administration.

• Volunteer with the Lake Mary High School Robotics Program from 2017 to 2020.

• Registered volunteer for former Florida State Representative Daisy Morales in both Orlando and Tallahassee offices.

• Candidate for Florida’s 7th Congressional District during the 2022 and 2024 election cycles.

Campaign Focused on Families, Seniors, and Small Businesses

Fernandez said Orange County residents deserve leadership that listens to the community and understands the challenges facing working families, senior citizens, and small-business owners.

“Our community deserves leadership that listens, works hard, and truly understands the needs of families, seniors, and small businesses,” Fernandez said. “I look forward to continuing to serve Orange County with integrity, compassion, and dedication.”

She is encouraging supporters to volunteer, share campaign information, and contribute to her effort to represent the newly established district.

Crowded Field Emerges for New District 8 Seat

Fernandez joins a growing field of candidates seeking election to the new Orange County Commission District 8 seat. Other announced candidates include Vic Torres, Jeannette Quinones-Hernandez, Isaiah Louis Anderson, Julio Rocha, and George Haas.

Candidate qualifying is scheduled for June 8-12, 2026. The primary election will be held on August 18, 2026, with voters selecting the first commissioner to represent the newly created district.

The District 8 seat is expected to be one of Orange County’s most closely watched races as candidates compete to represent a rapidly growing and increasingly diverse constituency.