Trump considering former presidential candidate Herman Cain for the Fed

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Herman Cain

Former presidential candidate and Godfather’s Pizza CEO Herman Cain is under consideration for a Federal Reserve governorship, CNBC has confirmed.

    The Fed won't raise rates for at least the next six months, says expert

    White House sources said Trump is meeting with multiple candidates for the two vacancies on the central bank board.

    Cain ran for president in 2011 and briefly led polling thanks to his “9-9-9” plan, a reference to the respective tax rates he would have put on personal income, federal sales and corporations. He suspended his campaign late that year under allegations that he sexually harassed two women.

    Cain’s potential appointment was first reported by Bloomberg.

    This is a breaking news story. Check back here for updates.

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