Trump Considering Former Presidential Hopeful Herman Cain for the Fed - NBC4 Washington
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Trump Considering Former Pizza CEO Herman Cain for the Fed

Cain ran for president in 2011 and briefly led polling thanks to his “9-9-9” tax plan

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    NEWSLETTERS

    Trump Considering Former Presidential Hopeful Herman Cain for the Fed
    Getty Images
    In this Oct. 3, 2011, file photo, then-Republican presidential candidate Herman Cain speaks to the media outside of Trump Towers before a scheduled appearance with then-real estate mogul Donald Trump in New York City.

    What to Know

    • Former presidential candidate Herman Cain is under consideration for a Federal Reserve governorship

    • The former Godfather's Pizza CEO is a former chairman of the Kansas City Fed

    Former presidential candidate and Godfather’s Pizza CEO Herman Cain is under consideration for a Federal Reserve governorship, CNBC has confirmed.

    Cain, 73, is a former chairman of the Kansas City Fed, having served at the bank from 1989-96 before leaving to pursue political activities full time.

    Cain met with President Donald Trump on Wednesday at the White House, where he was escorted by National Economic Council director Larry Kudlow, CNBC’s Eamon Javers confirmed.

    White House sources said Trump is meeting with multiple candidates for the two vacancies on the central bank board.

    Cain ran for president in 2011 and briefly led polling thanks to his “9-9-9” plan, a reference to the respective tax rates he would have put on personal income, federal sales and corporations. He suspended his campaign late that year under allegations that he sexually harassed two women.

    Cain’s potential appointment was first reported by Bloomberg.

    This story first appeared on CNBC.com. More from CNBC: