How Jerome H. Powell handles the next few months will be a critical test of his leadership skills, as he tries to guide the bank through a highly uncertain moment in the global economy. Source: NYT > Business – JIM TANKERSLEY and NEIL IRWIN
Trump’s Fed Picks Embrace ‘Reality Show’ Nominee Role
Herman Cain and Stephen Moore have eschewed the traditional silence for such picks, providing nearly daily commentary. But the Senate may not like what it’s hearing. Source: NYT > Business – JIM TANKERSLEY
What’s at Risk if the Fed Becomes as Partisan as the Rest of Washington
The credibility of the Federal Reserve around the world has been built over decades. Source: NYT > Business – NEIL IRWIN
Herman Cain Opens a New #MeToo Minefield for Republicans
President Trump’s Federal Reserve pick is forcing lawmakers to confront a fresh round of uncomfortable allegations of sexual misconduct against women as the 2020 campaign begins. Source: NYT > Business – ALAN RAPPEPORT and KENNETH P. VOGEL
Trump Considering Herman Cain, Former Pizza Executive, for Fed Board
The potential nomination signals the second time in weeks that the president has considered someone with partisan views for the Fed. Source: NYT > Business – ALAN RAPPEPORT and MAGGIE HABERMAN
Trump Fed Pick’s Divorce Records Are Put Under Temporary Seal
A request by Stephen Moore’s former wife to keep them sealed, which will be the subject of a Friday hearing in Circuit Court, adds to the controversy surrounding his pending nomination. Source: NYT > Business – JIM TANKERSLEY, GLENN THRUSH and PATRICIA COHEN