US President Trump intends to nominate Cain

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      "I highly recommend him to the Federal Reserve," Trump said at a press conference Thursday. "I told people around me that he was the candidate."
Cain told Fox Business Network in February that he believed deflation was a bigger concern, suggesting that he was not inclined to support interest rate hikes aimed at curbing inflation.
But Cain's policy views are not very clear at the moment: in this February interview, he said he intends to use wages as a determinant of monetary policy, which may imply that he will support interest rate hikes in the context of recent wage increases.
Kane, 73, has little direct experience with monetary policy, but past records show that he does have a tendency to recommend tightening rather than easing.


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