Then-presidential candidate Herman Cain exits Trump Tower in 2011. Photo: Spencer Platt/Getty Images

President Trump is considering conservative pundit Stephen Moore and former Godfather's Pizza CEO Herman Cain for the two vacant seats on the Federal Reserve's board, Bloomberg's Saleha Mohsin and Jennifer Jacobs report.

Buzz: Mohsin and Jacobs note that Moore is a good friend of White House economic adviser Larry Kudlow and "blamed the Fed for slowing the economy while championing Trump's policies in a March 13 [Wall Street] Journal column that he co-authored."

Moore is also the founder of the conservative Club for Growth and previously served on the WSJ's editorial board. He was an adviser on Trump's campaign and "helped write its economic agenda."

Cain ran for president in 2012 but ended his campaign after multiple allegations of sexual assault and harassment, and has also been a vocal advocate for Trump.

  • "Cain last September co-founded a pro-Trump super-political action committee, America Fighting Back PAC, which features a photo of the president on its website and says: 'We must protect Donald Trump and his agenda from impeachment.'"

Go deeper: How Trump views his Cabinet hires as a casting call

Go deeper

Updated 50 mins ago - Health

8 states set single-day coronavirus case records last week

Data: Compiled by Axios; Map: Danielle Alberti/Axios

8 states set new highs last week for coronavirus infections recorded in a single day, according to the COVID Tracking Project (CTP) and state health departments. Montana, West Virginia, and Wyoming surpassed records from the previous week.

Why it matters: Cases and hospitalizations are rising in Michigan, a state that initially fought the pandemic with strict mitigation efforts, alongside states that took less action against the spread of the virus this spring.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump says if Biden's elected, "he'll listen to the scientists"Herd immunity claims by top Trump adviser are "pseudoscience," infectious-disease expert says.
  2. Map: 38 states, D.C. see surge in cases.
  3. Health: Coronavirus hospitalizations are on the rise — Fauci says he's "absolutely not" surprised Trump got coronavirus.
  4. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  5. Sports: We've entered the era of limited fan attendance.
  6. Education: Why education technology can’t save remote learning.
Dion Rabouin, author of Markets
4 hours ago - Economy & Business

The Fed is starting to question its own policies

Illustration: Aïda Amer/Axios

Several officials at the Fed are beginning to worry about asset bubbles and excessive risk-taking as a result of their extraordinary policy interventions, James Politi writes for the Financial Times, citing interviews with multiple Fed presidents and members of the Board of Governors.

Details: Some are now pushing for "tougher financial regulation" as concerns grow that monetary policy is "encouraging behavior detrimental to economic recovery and creating pressure for additional bailouts."

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