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White House interviews other Fed candidates as Herman Cain faces GOP opposition
The White House is looking at other candidates for the Federal Reserve board as Herman Cain's nomination appears to be doomed.
Director of the National Economic Council Larry Kudlow on Tuesday said that "as far as we are concerned [Cain] is still in the process" and that "we support" him, Bloomberg reports. This came after a fourth Republican senator said they opposed Cain's nomination. If these Republicans all voted against Cain and every Democrat did the same, he would not be confirmed. Whether Cain remains in the process now will be up to him, Kudlow said on Tuesday.
Kudlow also said that the White House stands behind the nomination of Stephen Moore, who has had his share of problems after a report that he owes more than $75,000 to the IRS. At the same time, Kudlow confirmed that the White House is interviewing other candidates who could replace either Cain or Moore. "We are talking to a number of candidates," he said. "We always do."
Trump has not actually formally nominated Cain to the Federal Reserve board yet, and Politico reported on Tuesday that the odds of him doing so are "low" at this point, although the president has "yet to fully move off the idea." This report added that Moore "may also not reach the Hill."