Schumer, the top Democrat in the Senate, said he doesn't see Cain and Moore 'fitting in with the mission of the Fed, which is to conduct monetary policy and not be political.'
Sen. Chuck Schumer told reporters Tuesday that he did not think Stephen Moore or Hermain Cain are qualified for seats on the Federal Reserve board.
Trump nominated Cain, a former presidential candidate and pizza CEO, in early April and Moore, an economic commentator, in late March to the seven-member board. A top congressional Democrat echoed Schumer's sentiments earlier Tuesday. Cain has experience in central banking, having served in several positions at the Kansas City Fed from 1989 to 1996 before moving into politics. Moore, a former campaign advisor, is a visiting fellow at the Heritage Foundation and served on the Wall Street Journal's editorial board.
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