Mitt Romney recoils at the idea of Herman Cain on Fed, says businessman too ‘partisan’
Sen. Mitt Romney doesn’t want to see Herman Cain of “9-9-9” fame sitting on the Federal Reserve Board anytime soon.
The Utah Republican told Politico this week that the former Godfather’s Pizza CEO and 2012 presidential hopeful is too “partisan” to fill one of seven vacancies.
Mr. Trump told reporters on Thursday that a background check was being conducted on Mr. Cain, a “very terrific man, terrific person.”
The businessman’s resume also includes a stint in the 1990s as chair of the Federal Reserve Bank of Kansas City.
“If Herman Cain were on the Fed, you’d know the interest rate would soon be 9-9-9,” Mr. Romney told the website Thursday, a reference to Mr. Cain’s ideal personal income tax, sales tax, and corporate tax rates.
If Mr. Cain is nominated by the president, he would then need to be confirmed by the Senate.
“I would like to see nominees that are economists first and not partisans. I think it’s important that the Fed be a nonpartisan entity,” the Republican senator continued. “The key is that someone is outside of the political world and is an economic leader, not a partisan leader.”