Powell Said to Tell Democrats Fed Won't Bend to Outside Pressure

McConnell won't say if Senate would back Herman Cain for Fed

Speaking to reporters in his Senate office, McConnell also was asked about some fellow Republican senators who have said they would not vote to confirm Cain, a former fast food industry executive and presidential candidate, if he is nominated.

Three GOP senators - the Lisa Murkowski of Alaska, Utah's Mitt Romney and North Dakota's Kevin Cramer - told The Associated Press they would probably vote against Cain. He also said the Fed does not consider political pressure in its decision making, the source said.

Senate Majority Leader Mitch McConnell told members during a private lunch on Tuesday to share their concerns with the White House sooner rather than later, before Trump officially nominates Cain. Trump has said he will nominate both men.

Trump in recent days has said he wants to add Cain to the Fed's seven-member board of governors at a time when he has been repeatedly chiding the central bank's leadership for their management of interest rates.

FACT CHECK: Trump Tries to Pin Child Separations on Obama
They spoke on condition of anonymity because they were not authorized to publicly discuss internal deliberations. He's wonderful person." But, he added, "Frankly, there's only one person that's running it. "You know it.

Cain once ran Godfather's Pizza and served as chairman of the Federal Reserve Bank of Kansas City in the 1990s.

THE International Monetary Fund (IMF) warned of "dangerous" consequences for the USA economy if moves such as President Donald Trump's calls for Federal Reserve interest-rate accommodation lead to monetary policy mistakes. "Herman is a great guy and I hope he does well".

Unemployment remains at an nearly 50-year low and growth is expect to be around 3 percent this year, well above the 2 percent that the Fed thinks is normal for the US economy.

Jeffries, chairman of the House Democratic Caucus and a possible eventual successor to Pelosi, derided Trump's choice of Moore and Cain. At the meeting, which was held in the White House Situation Room, an aide passed Trump a note informing him that Cain was in the building.

Kevin Feige Opens Up About The White Costumes In Avengers: Endgame
Cast members Mark Ruffalo (L), Karen Gillan and Chris Evans pose for a portrait while promoting the film Avengers: Endgame . Avengers: Endgame is due out in theaters April 26.

"I don't really think I've said anything much about the gold - I'm not in favor of a gold standard", Moore said.

"Most of the people who have been circumspect and haven't even come out directly against Cain have said we are going to have to wait and see during the confirmation process what the vetting process brings to bear", Booth told said during an interview on "Cavuto: Coast-to-Coast".

"Even if Stephen Moore does get confirmed, he would be one of 12 governors". The plan to nominate Cain, announced last week, follows the nomination of Trump's former campaign adviser Stephen Moore. Cain started the political action committee, America Fighting Back, a year ago to help Trump in the midterm elections, has called for reverting to the gold standard, and wants the central bank to slash interest rates.

BJP goofs up on women's safety in manifesto
Andhra Pradesh, Arunachal Pradesh, Sikkim and parts of Odisha will be voting on Thursday to elect new Assemblies also. Karnataka votes in the second and third phases.

Related News:



Most liked

Tiger Woods Wins Fifth Masters, First Win At Augusta Since 2005
Tiger Woods remains in contention to win his first Masters since 2005 with nine holes left to play in the final round. Rounding out the final group is Tony Finau , who is at 11 under tied with three-time major victor Brooks Koepka .

Tesla Refutes Reports About Cutting Investment at Gigafactory
Moreover, the article states that Panasonic intends to freeze its investments in Gigafactory 3 in Shanghai as well. Although Panasonic is Tesla exclusive battery supplier, its deal with the electric automaker is not exclusive.

AP report: European Union offers to postpone Brexit until October 31
I am angry about what has happened. "I said many years ago I wanted to cause an quake in British politics". On Friday, Nigel Farage launched the campaign of his newly formed Brexit Party.

Solskjaer: Pogba still focused as Real Madrid reports swirl
However, Solskjaer says talks between Herrera and the Red Devils are still on-going, while also confirming the midfielder's absence through injury.

World urges smooth transition in Sudan
The Sudanese army has promised to provide a "completely civilian" government after deposing former President Omar al-Bashir. Auf had first announced that the military would be in charge of the country for two years before conducting elections.

Sudan braces for military announcement after anti-Bashir protests
Ibnouf also declared a state of emergency in the country for the next three months with the constitution being suspended. Protesters rally near the military headquarters, April 9, 2019, in the capital Khartoum, Sudan.

Boeing's crisis flies beyond its 737 MAX failures
The lawsuit is the latest complaint in a growing number of claims against Boeing following two 737 Max crashes within six months. Boeing announced Friday that it's cutting production by 20% as it tries to find a software fix to get the planes flying again.

Muguruza in Monterrey Open final, beats Rybarikova
Hopefully, she'll finish the next one off in a finer fashion with making her 21st title in her accomplished career. That win was an exact repeat of that year's Wimbledon semifinal, with the Spaniard defeating Rybarikova once again.

English Premier League: Everton edge Arsenal to stop Gunners from going third
Arsenal manager, Unai Emery , has said Bernd Leno registered a "perfect" performance in their 1-0 defeat to Everton on Sunday. The Gunners could qualify for Europe's premier club competition if Emery's side win the Europa League this term.

‘Spying did occur’ by intelligence agencies on Trump campaign - AG Barr
United States intelligence officials have previously said they were spying on the Russians, not the Trump campaign. President Trump continued to blast the investigation as an " attempted coup " and an act of treason.

Barr has team reviewing origins of Russian Federation investigation
Barr said in the summary released last month that Mueller didn't find a criminal conspiracy between the campaign and the Kremlin. Barr revealed the expected release of the watchdog report in testimony to lawmakers during a House budget hearing on April 9.

Boeing's 737 production cut hits its shares and those of suppliers
Since it has paused deliveries of new planes, the company is stockpiling finished Boeing 737 MAXs in Renton factory. The airline acknowledged in a statement that the prolonged cancellations could bring disruption for some travelers.

Trump administration ends MLB/Cuba baseball deal
Trump has especially stepped up pressure on Cuba recently over its support for Venezuela's socialist president, Nicolas Maduro. It's definitely hard for a lot of Cuban players who are not playing at this level here in the States.

NYC orders mandatory vaccines for some amid measles outbreak
Centers for Disease Control and Prevention advises children to get two doses of the 97 percent effective measles vaccine . The vast majority of cases are children under the age of 18 - 246 cases - and 39 cases involve adults.

1 case of so called ‘Superbug’ reported in CT
According to the CDC , symptoms of Candida auris may be hard to detect because patients are often already sick. Candida Auris , is one of dozens of unsafe bacteria and fungi that have developed a resistance to drugs .