(The Federalist) -- President Trump has announced that he may nominate Herman Cain to the seven-person Federal Reserve Board. Although Cain hasn’t been officially nominated yet, many on the left and some on the right have voiced their objections.
A Washington Post op-ed calls Cain’s potential nomination a “reckless” move. Is Cain the best candidate for the Federal Reserve’s Board of Governors? I will let the U.S. Senate decide at Cain’s confirmation hearing, should that happen. But the firestorm of condemnations of Cain aren’t all justified.
Criticism of Cain can be summarized into three main points. I’ll discuss them below.
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