President Trump recently named his two picks for the Federal Reserve -- but a top economic adviser cautioned that the nominations aren't final until they're formally sent to the Senate
President Donald Trump recently named his two picks for the Federal Reserve -- but a top economic adviser cautioned Monday that the nominations aren't final until they're formally sent to the Senate.
Speaking to reporters at the White House, Council of Economic Advisers Chairman Kevin Hassett said it was too early in the process to comment on the potential nominations. Hassett stressed that both Herman Cain and Stephen Moore are currently in the"intent to nominate" phase of the process, which means they are subject to vetting and paperwork within the administration ahead of a formal nomination.
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