However, four Republican senators-including Utah's Mitt Romney, who ran against Cain for the 2012 Republican presidential nomination-announced that they would not support Cain for a Fed seat.
Some argue that the only impact Trump is having on the Fed is to make the central bank more likely to hike since the Fed doesn't want to appear to have lost its independence from politics.
When asked by reporters on Wednesday if Cain's nomination is safe, Trump suggested Cain will decide if he steps aside.
The president has already said he plans to unveil yet another conservative secretary, Stephen Moore, for a vacancy on the board.
At the White House on Thursday, Trump didn't respond to a question about Cain at an Oval Office meeting about veterans. Cain was well known during his presidential campaign for a bumper-sticker tax plan that he called "9-9-9", but he has been forced to deny multiple accusations of sexual misconduct and harassment.
The former CEO of Godfather's Pizza, who turned the company into a top pizza franchise, is an ardent supporter of the president, launching a pro-Trump super PAC, America Fighting Back PAC in 2018.
"I think having someone with business experience on the Fed would be a real breath of fresh air", Moore said.
President Donald Trump's pick for the Federal Reserve Board was launched in contempt of court for failing to pay $300,000 in alimony and other obligations related to a divorce, according to a report from The Guardian.
Cain is now undergoing a background check, as is Trump's other controversial Fed pick, conservative economic commentator Stephen Moore.
On Thursday, White House economist Kevin Hassett praised Cain. Senate Majority Leader Mitch McConnell on Thursday withheld comment on whether he would support Cain, saying he will wait to see "who is actually nominated".
Jeffries, chairman of the House Democratic Caucus and a possible eventual successor to Pelosi, derided Trump's choice of Moore and Cain.
But he stressed that the White House needs to consider two factors in its nominations: the individual's background check, as well as his or her prospects of getting confirmed in the Senate.
"I don't really think I've said anything much about the gold - I'm not in favor of a gold standard", Moore said. Last week he tweeted his intention to name the former presidential hopeful, who heads a political action committee supporting Trump's agenda.
Lomachenko dug blistering punches to the head and body, forcing Crolla (34-7-3, 13 KOs) on the defensive from the start. Commey's injured hand forced Lomachenko's promoters to make this fight with Crolla, rather than surrender his WBA belt.
On Tuesday, members of parliament voted overwhelmingly to approve the extension request, with 420 votes in favour to 110 against. Britain's Parliament has passed a law created to ensure the country does not leave the European Union without a divorce deal.
The second database, belonging to the defunct app At The Pool isn't as large, but its destructive potential can not be neglected. UpGuard said it sent two notification emails to Cultura Colectiva on January 10 and January 14 and never received a response.
Jurgen Klopp has discussed how he hopes his Liverpool side can contain Chelsea star Eden Hazard this weekend. Few United players were good, but Young was terrible . "But he has to play against us as well".
A final opportunity for Mbappe saw him kick the ball against his standing leg and his shot looped on to the roof of the net. PSG should have regained the lead at 1-1 but an astonishing miss by Choupo-Moting meant it stayed level.
The governor says the president's rhetoric disregards the Constitution, the justice system "and what it means to be an American". And if they apprehend people at their southern border where they don't have to walk through, that's a big home run.
British police said Assange had been arrested Thursday for breaching his bail conditions and in relation to the us arrest request. Former Home Secretary Lord Blunkett said people giving Assange "unqualified support" were being "extremely unwise".
Guard Matt Mooney poured in a career-high 22 points in the victory over Michigan State and was clutch from the three-point line . Hunter matchup may result in the Cavaliers going big in the paint. "We came together, and we always believed in ourselves".
The 14-time All-Star took the first eight Dallas shots and scored his team's first 10 points in the first three minutes. Ray Spalding poked the ball away from Dirk Nowitzki and had a clear path to the opposite basket.
Texas Tech held Michigan State, a team who many considered worthy of a No. 1 seed in the NCAA tournament, to 21 first-half points. Last night's NCAA Tournament Final Four games delivered all the compelling and controversial action that we could have asked for.
While that shutdown lasted only a few hours, it came on what should have been one of the busiest shopping days of the year. Mulvaney has told Trump he thinks the base would support the move, like they did his national emergency declaration.
He secured his advantage at the par-3 16 by sticking an 8-iron within 2 feet of the cup for another birdie and a two-stroke lead. Molinari will be in a much better position on Sunday when he tees off with Woods and Tony Finau in the day's final group.
CNN also reported that there could be additional high-level removals at DHS in what one unnamed source described as a "purge". The Secret Service does not determine who is invited or welcome at Mar-a-Lago; this is the responsibility of the host entity.
Hyper-wired South Korea's networks advanced their launch by two hours in order to take a leap ahead of the U.S. network carrier. But the implications of the new technology have pitted Washington against Beijing in an increasingly bitter standoff.
Earlier Wednesday, Trump weighed in, telling reporters that he won't agree to release his returns while he is under audit. At congressional hearings, Mnuchin accused lawmakers of seeking Trump's returns for political reasons.
Now it has been approved locally, Wing is looking to expand the delivery service with a launch in Helskini, Finland. As part of the agency's new policy, drone deliveries will only be conducted on weekdays between 7 a.m. and 8 p.m.
Macotakara also suggested a couple of other important changes, namely that Apple may switch to USB-C from Lightning on the iPhone. Apple may bring a triple-lens camera system to two new iPhones in 2019 instead of just one, according to Macotakara .
The winger himself has stayed coy on any talk of a move, saying on Monday: "They [fans singing he is leaving] are wrong". "I want to finish in the top four and do well in the Europa League , and then we'll see".
Kupcho's bogey-free run finally came to an end, but the American hung on for a one-stroke lead after the second round. Maria Fassi fired another 70 Thursday in the second round of the inaugural Augusta National Women's Amateur.
Verizon, the Pixel 2's exclusive United States carrier, ended sales back in October upon the announcement of its successor. If you're in the market for a new smartphone , then it's absolutely worth considering the Google Pixel lineup of devices.
He ignored the red lights as he raced down Slauson Avenue - the South Los Angeles street that he and Nips were working to uplift. Local news reports said he was being kept in solitary confinement in jail for fear he might be attacked by other inmates.