NEW: President Trump is considering naming Herman Cain, a former pizza company executive and 2012 Republican presidential candidate, to the Federal Reserve Board, according to two sources familiar with the matter.
of the Federal Reserve, arguing that it should be more accountable to the public.
“Yes, it should be audited," he said."And, secondly, I believe that its focus needs to be narrowed. I don't believe in ending the Fed, I believe in fixing the Fed." "For many, many decades, the Fed did its job when it was singularly focused on sound money," Cain continued."When we wake up in the morning, we expect 60 minutes to be in an hour. Now when we wake up, because of some of the actions of the current Fed, we don't know what the value of the dollar is going to be."repeatedlyThe FED can't keep the economy running on the fumes of artificially low interest rates forever.
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