Trump To Nominate Herman Cain For Federal Reserve Board

President Donald Trump of USA on April 4, 2019, announced he will nominate Herman Cain for a seat on the board of governors of the Federal Reserve alias Fed, reported some media on April 5, 2019.

Mr Cain, an African American and former Republican presidential candidate, is said to be one of very loyal supporters of President Trump, having even founded a political action committee for containing spreading of fake news about the president.

The Federal Reserve is USA's central bank and its governing board consists of 7 seats for governors.

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