Trump plans to nominate second loyalist to Fed board

Donald Trump

US president Donald Trump’s next potential nomination to the Federal Reserve board has sparked further controversy, as some economists say he lacks qualifications for the role.

The president said he will nominate former Republican Party presidential candidate Herman Cain, roughly two weeks after nominating Trump loyalist Stephen Moore. A number of economists and other commentators have made strong criticisms of the suitability of both candidates. 

“He’s a highly respected man; he’s a friend of

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