WASHINGTON, D.C. April 8 (DPI) – Former GOP presidential candidate Herman Cain was a director of the Kansas City Fed back in the 90s, but that slice of his resume hardly qualifies him for the Board of Governors of the Federal Reserve in Washington, say an army of Fed watchers. 

Moreover, Republicans may be publicly supporting Trump’s latest nominee – as well as another potential candidate, the conservative economist Stephen Moore – but there’s unease in the backrooms of the US Senate that Trump  is trying to over-politicize – or more accurately, control – the nation’s central bank.  As the Wall Street Journal reported:

Wall Street analysts on Thursday reacted to Mr. Trump’s picks of Messrs. Cain and Moore for the Fed by pointing out that the picks are more partisan than is typical for the Fed, raising worries that the historically nonpolitical central bank could become more politicized.

Cain, a former businessman who was president of the American Restaurant Association, has a somewhat tawdry history of personal behavior during his years at that organization.

Further, the Fed candidacy of Stephen Moore has appeared to stall after it was disclosed that he defaulted on a $330,000 support payment to his ex-wife, among other transgressions.

Sophisticated readers acknowledge that the US central bank has always been subject to some political influence. But Trump’s latest efforts to pack the Fed’s board of governors with loyalists appears to have crossed another line. Among the most popular comments on WSJ.com yesterday:

His economic views are almost radically conservative: He proposed a restructuring of the tax code during his 2010 presidential campaign, and even supported a return to the gold standard.

i thought the guy was a buffoon when he ran for president. 9-9-9, remember? you want somebody that incompetent at economics on the fed board, go for it, trump.