Trump standing by Herman Cain Fed board pick ‘at the moment’: Larry Kudlow

Larry Kudlow, director of the U.S. National Economic Council, speaks during a White House briefing in Washington, D.C., U.S., on Monday, Jan. 28, 2019.

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Larry Kudlow, director of the U.S. National Economic Council, speaks during a White House briefing in Washington, D.C., U.S., on Monday, Jan. 28, 2019.

WASHINGTON – White House support for Herman Cain, one of President Donald Trump’s controversial Federal Reserve Board picks, seemed to weaken Thursday, when Trump’s top economic advisor Thursday pointedly declined to give Cain a full-throated endorsement.

“Yes, we are, at the moment,” National Economic Council Director Larry Kudlow replied when asked during an event in Washington about whether the White House still stood behind Cain, a former pizza executive as well as 2012 Republican presidential candidate.

“He’s inside the vetting process, we will see how in which turns out,” Kudlow added. “I don’t want to prejudge in which one way or the various other.”

Kudlow’s hands-off attitude about the nomination is actually a stark departure via the traditional role played by White House officials after the president announces his intent to nominate someone to a post like the Fed board, which requires Senate confirmation. Kudlow is actually a former CNBC contributor.

In most cases, White House officials are required to act as front-line cheerleaders for the president’s picks, doing the case to both the Senate as well as the public in which the president’s choice was a Great pick.

although Cain does not fit the mold of a traditional nominee to the Federal Reserve Board. Although Trump has yet to submit formal nomination papers for him, Cain’s chances of winning Senate confirmation have grown slimmer by the day since Trump announced his selection last Thursday.

At least three Republican senators confirmed This particular week in which they could not vote to confirm him to the post: Sens. Lisa Murkowski of Alaska as well as Cory Gardner of Colorado, as well as newly minted Utah Sen. Mitt Romney.

There are also concerns among lawmakers as well as on Wall Street about Trump’s various other contentious pick for the Fed board, conservative political activist as well as economics writer Stephen Moore. in which is actually unclear whether Republican senators will vote against Moore, who has had to contend with claims in which he is actually unqualified for the Fed role as well as revelations about his messy divorce. Moore advised Trump during his 2016 campaign as well as co-authored a 2018 book called “Trumponomics: Inside the America First Plan to Revive Our Economy.”