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Trump reportedly considering Cain for open Federal Reserve seat Politics

Larry Kudlow, the Presidents top economic adviser, confirmed Cain was under consideration, which was by Bloomberg News. Kudlow said there is "no rush" for Trump to make a final decision and that the list of possible contenders for the board is long.

Carnegie Mellon economist Marvin Goodfriend, who was nominated to one of the open Federal Reserve Board posts in 2017, is also a contender, though his nomination has not yet been resubmitted to Congress in this new term, according to Kudlow.

Since the start of his presidency, Trump has moved to reshape the worlds most powerful central bank, appointing four people to the seven member Fed Board so far. That includes Chairman Jerome Powell, a former investment banker, who the President has repeatedly accused of by raising interest rates, which Trump believes will slow down the economy.

With two seats open, the President could seize the opportunity to appoint nominees who disagree with how Powell has steered the central banks interest rate policy. So far, Powell has been able to build consensus with his existing board, with not a single dissenting vote on any policy decision since he took the helm in February 2018.

A White House official told CNN earlier that "The President has met with multiple candidates for the Federal Reserve Board."

A spokesperson for Cain didnt immediately comment.

Kudlow previously told reporters the White House is looking for Fed governors "who understand that you can have strong economic growth without higher inflation."

On Wednesday, the Fed agreed to its plans to raise rates this year amid rising economic uncertainty. Powell, who has carefully avoided addressing the political attacks from the President, rejected the idea that the Fed is caving to political pressure.

"My only motivation is to do the right thing for the economy and the American people. Thats it," Powell told reporters at a news conference on Wednesday following the two day interest rate setting meeting. "The situation calls for patience; I think it does. That stance of policy is appropriate. We see these uncertainties. We see a time where we have the luxury of being able to wait."

Cains nomination, however, could thrust the institution yet again into the spotlight. The role requires Senate confirmation and any vetting process is likely to resurface that ended his bid for the Republican nomination.

At the time, Cain said the allegations were incorrect but acknowledged "he had made mistakes in my life," according to Bloomberg.

Trump has Cain, calling him "a great guy."

Cain, the former chief executive of Godfathers Pizza Inc., has some prior experience at the Fed. From 1992 to 1996, he served as a director of the Federal Reserve Bank of Kansas City. Each of the 12 regional Fed banks has a nine person board that includes local executives.

Cain also built a campaign around policy proposals like the "9 9 9" tax plan, which would overhaul the US tax system with a flat 9 percent tax on business and income and a 9 percent national sales tax.

For more infomation >> Trump reportedly considering Cain for open Federal Reserve seat Politics - Duration: 2:11.

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US| Trump reportedly considering Cain for open Federal Reserve seat Politics - Duration: 2:09.

US| Trump reportedly considering Cain for open Federal Reserve seat Politics

Larry Kudlow, the Presidents top economic adviser, confirmed Cain was under consideration, which was by Bloomberg News. Kudlow said there is "no rush" for Trump to make a final decision and that the list of possible contenders for the board is long.

Carnegie Mellon economist Marvin Goodfriend, who was nominated to one of the open Federal Reserve Board posts in 2017, is also a contender, though his nomination has not yet been resubmitted to Congress in this new term, according to Kudlow.

Since the start of his presidency, Trump has moved to reshape the worlds most powerful central bank, appointing four people to the seven member Fed Board so far. That includes Chairman Jerome Powell, a former investment banker, who the President has repeatedly accused of by raising interest rates, which Trump believes will slow down the economy.

With two seats open, the President could seize the opportunity to appoint nominees who disagree with how Powell has steered the central banks interest rate policy. So far, Powell has been able to build consensus with his existing board, with not a single dissenting vote on any policy decision since he took the helm in February 2018.

A White House official told CNN earlier that "The President has met with multiple candidates for the Federal Reserve Board."

A spokesperson for Cain didnt immediately comment.

Kudlow previously told reporters the White House is looking for Fed governors "who understand that you can have strong economic growth without higher inflation."

On Wednesday, the Fed agreed to its plans to raise rates this year amid rising economic uncertainty. Powell, who has carefully avoided addressing the political attacks from the President, rejected the idea that the Fed is caving to political pressure.

"My only motivation is to do the right thing for the economy and the American people. Thats it," Powell told reporters at a news conference on Wednesday following the two day interest rate setting meeting. "The situation calls for patience; I think it does. That stance of policy is appropriate. We see these uncertainties. We see a time where we have the luxury of being able to wait."

Cains nomination, however, could thrust the institution yet again into the spotlight. The role requires Senate confirmation and any vetting process is likely to resurface that ended his bid for the Republican nomination.

At the time, Cain said the allegations were incorrect but acknowledged "he had made mistakes in my life," according to Bloomberg.

Trump has Cain, calling him "a great guy."

Cain, the former chief executive of Godfathers Pizza Inc., has some prior experience at the Fed. From 1992 to 1996, he served as a director of the Federal Reserve Bank of Kansas City. Each of the 12 regional Fed banks has a nine person board that includes local executives.

Cain also built a campaign around policy proposals like the "9 9 9" tax plan, which would overhaul the US tax system with a flat 9 percent tax on business and income and a 9 percent national sales tax.

For more infomation >> US| Trump reportedly considering Cain for open Federal Reserve seat Politics - Duration: 2:09.

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The County Seat - Discussing County Commissioner Advocacy - Duration: 28:51.

Hello everybody welcome to County

Seat, I'm your host Chad Booth. With

a new round of elected officials and

people fresh off an election in the

beginning of the legislative session

there is a conversation afloat about

how important is it really for your

county commissioners particularly in

rural parts of the state to stay

engaged in the legislature in

Washington with organizations.

There are some people who think

that is way too much money and way

too much time for their local

commissioners to spend we called

the turnaround in our office county

isolationists but is it the best way to

go that is the topic of our show and

we are going to delve right into by

doing an anatomy of a commissioner

who puts in a lot of hours outside the

county to represent his county.

I'm Darin Bushman I'm a second term

county commissioner in Piute County. When

you're a commissioner in a little county like

Piute, you have a lot of different roles. I am

responsible for our ambulance service, If I am

not in meetings I might be running on the

ambulance, our day starts early sometimes

three o clock in the morning that pager goes off

and we are there. We wear a lot of different

hats and we do a lot of different stuff in a little

county like Piute.

As a commissioner one thing about it is you can

make your job as big or as small as you want to

make it, depending on what you want to take

on and the challenges you want to address. The

interesting thing that I found as a commissioner

is you could literally be in a meeting somewhere

every day and we are part time commissioners

but you could certainly fill your days 40 to 60

hours a week as a commissioner. You have to

pick and choose what areas you want to focus

on what efforts you want to move forward, but

the job can be as big or small as you want it.

My personal impact, not taking full credit for it

by any means, Things that I have worked on

lobbied for worked to get to rural Utah, not just

Piute County. Since I have been a commissioner

right now my tally is about 18.3 million dollars

that I have personally involved with one way or

another either lobbying for making the request

for filing the grant application that sort of thing.

You can have as large or small impact as you

want. But when we talk about getting a return

on investment of a commissioner that's what I

think you should be looking at. What are they

bringing to your county what are they

protecting your citizens from and what are the

end results financially.

We are extremely proud of our commissioners

here in Piute County. They do us a great job and

we are very pleased to have who we have to

represent us and take care of all our concerns.

Our commissioners set up new opportunities

and opened some doors for us to expand and

grow our business here in Piute County.

The first year I was a commissioner I went to

the legislative session because I felt It was

important to understand what it was the

legislator was doing to affect our counties. But

one of the outcomes from that I started to build

relationships with state representatives and

staff and what not. Through our Utah

Association of Counties, and National

Associations of Counties, I soon realized the

networking was just as important as being

present. Building those relationships and

knowing who was involved in what, and

knowing who we could call on when we need

support. Over the years I have made that a

focus for myself to build those relationships to

participate in the events of Utah Association of

Counties, the National Association of Counties. I

think it's critical we are involved in those type

of events so that we build the relationships so

that we have relationships we can call on when

we have a problem.

As a commissioner we are responsible for the

success of our county, and the financial viability

of our county. We are excited when we have

constituents come to us with projects. We want

to help in any way we can. We have the

contacts we have the relationships, and we are

able to work through those relationships

weather at the state level or the federal level to

help our constituents get what they need and

do what they want to do.

It's important to go out and find what it is your

county needs lobby for it advocate for it and do

those types of things so your county gets what

it truly needs.

I looked at all of our search and rescue

equipment was being stored outside and it

wasn't contusive to a good safe operation. It

was costing the county a lot in maintenance and

that sort of thing. So I went out and worked and

went after grant money and we ended up

building a facility that we could actually store

that equipment.

Prioritizing your time when you have a full time

job and you are a county Commissioner is a

little bit difficult. Certainly there are things I

would like to get involved with but I don't

because I have responsibilities at my full time

employment. I try to look at those things and

figure out which is most important and which

things I absolutely have to. I am lucky in that

the other commissioners are willing to trade off

when there are things I can't go to they do, we

balance that between the three of us and figure

out who's going to go cover what and make

sure our county's represented in various aspect

and various meeting we need to be at.

Looking forward to seeing other County

Commissioners actively participate and

diligently work in building those networks and

building those relationships and as new

commissioners come on board this is a really

critical thing to understand. We have a lot of

new commissioners throughout the state this

year I think it's absolutely crucial for

commissioners to get involved at this level and

build that network, and start networking

effectively.

Well that completes the story we

have a good look of what it's like to

be a rural county commissioner and

we are going to take up a discussion

on the other side of the people who

rely on their input to make their jobs

easier in government we will be back

with the County Seat in just a minute.

Welcome back to The County Seat we

are continuing our conversation

about the importance of advocacy we

have seen it from the county side

now we are going to have a

conversation with people that are on

the receiving end of all that advice

and hard work representing 3

different areas of government from

the office of the governor Deputy

Chief of Staff Mike Mower and Ryan

Wilcox formerly known for being a

state rep for US Senator Mike Lee and

Representative Carl Albrecht who has

background in the energy field and

has been serving as a state legislator

District 70. Thank you all for joining

me. In the story we saw Darin

Bushman how much time he spends

on the road and how much he

advocates for the county how often

you commissioners show up in the

Governor's office most people think

that is a rare connection.

The Governor really trees to be

accessible to county commissioners

and the city and other elected

officials the challenge comes down to

the number and the calendar. For

example we have 248 cities and

towns in Utah we have 29 counties

and that is just representing those

entities not considering special

services districts school board

associations there are numerous

entities out there and frankly one of

the best ways for elected officials to

get their voice heard by the governor

and by the legislators is by joining

associations and being very active

there rather than try to do a one on

one on a local issue with the

governor.

Do people think that these meetings

when we have delegations come back

from Washington or the governor's

office or from the legislators office a

lot of people say that is just a photo

op is this a chance for commissioner

summers to get his picture taken with

somebody is this really important to

the governor to have these types of

conversations.

They are very important. Again if

there is an area that has an

emergency crisis you can jump on it

an work with them in an individual

community but if it's an issue like

zoning or something that has a state

wide impact they are really better off

forming together Utah Association of

Counties Leagues of Cities and Towns

and then those entities help them

shape their messaging and policy and

use those associations to work with

the governor and the legislature.

Really quick the governor always says

he's a big fan of team together

everyone achieves more. As the

governor came up he was the

president of the Utah Asoka of

Realtors he has been past president

of the National Governors

Association he's been the Chairman

of council of state government why

does he do those associations

because when states can together

their voice is better heard in

Washington same applies to local

elected officials and other entities

who otherwise are just kind of out

there on their own.

Carl you have been out there on both

sides and I want to talk about

advocacy not only for the county

itself but for entities within the

county. If county commissioner help

when you are involved in the energy

industry move the needle on federal

and state level.

No doubt. When I was CEO of

GARKANE energy I would come up

here and testify before committees

the county commissioners would

come along and help me on rural

electric issues that affected rural

Utah all the time in rural Utah with all

the public lands we are dealing with

rights of ways and those types of

things and to have them sitting next

to me at the witness table is huge as

a legislature it's even become more

paramount because I have run a few

bills for rural Utah and my two years

up here this is my third session and

the rural economic development

issues that I try to champion and the

public lands issues that I try to

champion if I can have a

commissioners or a city mayor or

even a school superintendent sit by

me and tell me and the committee

how it affects their organizations and

how it affects their counties that is

huge it does not have to be a long

testimony but to have them sit in

front of the committee and answer

hard questions and say how it's going

to impact their communities is big

time for rural Utah.

I want to redirect one question to

you and then I want to go over some

case studies but Ryan from a national

level this element that Mike talks

about being associated with

organizations like UAC or NACo if a

commissioner from rural Utah were

to contact your office back in

Washington am sure the Senator

would try to make time to meet with

him go as a delegation representing

an organization such as UAC or even

all of NACo does that really give him a

different kind of incentive to act.

That's a great question because

essentially the situation that Mike

describe between counties and all

when you are talking about that at a

national level that is only

exacerbated highlighted by the fact

that now we are talking about 50

states so some of those states

literally have hundreds of counties

unlike the state of Utah. Of course

when someone from Utah contacts

the Senators office they receive

priority in the que but there is always

going to be that question in the back

of that scheduler's mind who is trying

to make time with the Senator is this

the priority at this moment. Is this

the most important thing to do when

someone comes in with a group of

folks from UAC or NACo the

scheduler can be comfortable with

the fact this is representing more

than one community not that it's not

critical but its speaking for rural Utah

that is more important for real Utah

we have talked about that quite bit

with the public lands issue that when

we are talking about an area that

most folks do not understand from a

policy perspective you are talking

about changes that are made on the

Wasatch Front and they are

dramatically different from a

perspective from the laws that are

made then how they affect lives in

rural communities when they work

and come through UAC and come

back to DC speaking with that united

voice your organization amplifies

their affect.

I do have a follow up question we are

going to take a commercial break and

we will be right back with the

importance of counties advocacy.

Stay with us.

Welcome back to The County Seat we

are having a conversation today

about the advocacy issue of local

representatives. I want to talk about

a technical part of this because all 3

of you in your jobs you had to make

decisions that were going to make

legislation and policy and have real

impact on ground what is that expert

witness element that county

representatives bring to the table.

Let me start one quick I use an

example of Tammy Pearson who is a

Beaver County Commissioner Tammy

brought the issue forward for years

we have had challenges with wild

horses and burros on the west desert

over grazing its harmful for the

environment its harmful frankly for

the animals and Tammy brought a

laser like focus as a county

commissioner and as a rancher to

that focus and has elevated it to a

national level and started to get

results. She did not do it as one

person she got the UAC involved she

got the Senators offices involved she

got the Governor's office involved

but she did it because she was part of

a network and that made her much

more affective and commissioner

Tammy Pearson is a great example of

utilizing networks and resources to

accomplish something that has been

a long festering problem in the west.

Carl can you write good legislation

without input from counties when

they have to execute it.

Well that is difficult to do because

those individuals that are sitting in

those seats county commissioners

and mayors they know the problems

up front and personal and they know

what they would like to do to resolve

it so their input is very important I

was going to mention Chad a couple

years ago we took a tour bus and

took legislatures to rural Utah and

what an education for the urban

legislators that was huge and we

need to do that about every 2 or 3

years because even though it costs a

little bit of money a lot of that is

donated but they meet with these

folks and talk about the issues in their

counties and see it upfront and I can

tell you when Speaker Hughes was

the speaker he come up to me and he

said Carl I had no idea and to bring

those county commissioners up here

and testify in committee hearings

when I am running a bill that is huge.

I can imagine. Darin in our

interviews with him alluded to the

fact that his interests or his

requirement as a good county

commissioner does not always just

involve what is good for county and

policy but has to intervene in helping

individuals out and greasing the skids

at a national level Ryan is that

network or relationships we make

would they succeed if they did not

build that.

It's impossible in fact when mike was

talking about Tammy's experience

earlier commissioner down in Beaver

county she was able to leverage the

issue because of her relationships

that she built through these networks

it does not work without that in fact

if we wait until the day 30 when

things really start to heat up here on

Capitol Hill and there is something

that is important to you don't have

relationship you need with the

legislators that matter then you are

behind the 8 ball it's too late federal

or state.

And to carry that a little further

speaking of wild horse and burros

and Tammy Pearson I am going to

run a small appropriation for Beaver

County even though I do not

represent it I understand what the

problem is because I have been out

there and I have seen it and if these

county commissioners think that

isolationism is the best then they

need to consider the appropriation

request that we also carry besides

legislation. Because we do that for

them it helps them in certain areas.

So just as a point before the

delegation came to Washington to

talk about wild horses pick this as our

topic how long before that because

practically every meeting I go to Ryan

I saw out there representing Senator

Lee range tours management

meetings for UAC you were there

NACO you like a bad shadow my

question is how long of an

advancement of an official contact do

your conversations thought

networking at these events start to

develop the dialogue and the

awareness of these issues.

They start from day this goes back a

little bit to effectiveness of elected

officials and their roles those who do

not engage just will not be as

affective at changing policy it's not a

punishment you have well-meaning

people here but those who have

relationships who have invested in

those from day one are going to be

that much more affective in affecting

the policy they want to see.

It seems like trust I hope you trust me

to take a quick commercial break be

right back with final thoughts here on

The County Seat.

Welcome back to The County Seat we

have been talking about the

relationship of county officials and

the importance of them engaging

with other branches of government. I

want to go to final thoughts. Carl we

will start with you and go right down

the table.

Thanks Chad. Speaking of Piute

County Commissioner Bushman help

me draft legislation last year on the

Rural Economic Incentives programs.

A great bill for rural Utah I just made

some amendments to that bill

yesterday in the economic

development committee if you do

not think county commission

involvement on the state level is

important I think you need to look at

some of the counties that are not

involved because those that are are

on the cutting edge up here they get

funding from appropriations and they

get legislation passed that will help

rural Utah. If we don't start doing

something in rural Utah these folks

on the Wasatch Front are going to die

in their own smoke.

These organizations are essentially

built on relationships and I

highlighted before but I cannot

overemphasize the importance of

having those important relationships

in place before the emergency before

you need the emergency meeting

with the secretary of interior if we

can make that connection in

Washington on an existing

relationship the chances of that even

pulling that off are astronomically

higher.

From the Governor's office he

welcomes involvement but he is

limited by 24 hours a day 365 days a

year and 3.2 million Utahans if you

want to have your voice heard first of

all get involved second get involved

with an association that shares your

concerns and perspective because

united you can have a much stronger

and louder voice to be heard

throughout the state and then

nation. For counties come together

for cities come together for citizens

come together it's the best way to

participate in our democratic process.

One last quick point Chad it works

both ways. It's not only just the

amplified voice from the county

organizations it's also better

government from the other side. We

are better representatives we better

understand as you work together and

we can advocate for a united voice

from the state.

Gentlemen thank you so much for

this conversation thank you for

watching we appreciate your

participation in the County Seat

remember local government is where

your life happens be more than a by

stander be involved get engaged

share this with your friends share it

on social media we will see you next

week on The County Seat.

For more infomation >> The County Seat - Discussing County Commissioner Advocacy - Duration: 28:51.

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Seat Alhambra - Duration: 1:10.

For more infomation >> Seat Alhambra - Duration: 1:10.

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Seat Leon 1.4 TSI 122PK FR Business 1e Eigenaar! - Duration: 1:13.

For more infomation >> Seat Leon 1.4 TSI 122PK FR Business 1e Eigenaar! - Duration: 1:13.

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China's Brilliance Caught Testing Seven-Seat V7 SUV In Europe - Duration: 2:09.

Chinese automaker Brilliance was spotted testing an SUV mule on European soil, which could be another indication of the company's plan to enter the region

The test car itself appears to be a bit larger than the last Brilliance prototype spotted in Europe, featuring both headlights and taillights from other models as a way of throwing us off

Look closely and you'll see that the headlights used on the test car are clearly smaller than required

In fact it looks like a facelifted version of the Brilliance V7 that's already been on sale in China; our suspicions were confirmed once we looked inside

The interior design looks the same with the existing model, retaining the characteristic portrait-style infotainment system and the dashboard that takes several design cues from Volvo (mainly) and Maserati

Judging by the headlight cutouts, Brilliance is looking to inject its mid-sized SUV with a more assertive and sporty front fascia that includes a bolder front grille as well

The Brilliance B7 is currently offered with a turbocharged 1.6-liter four-cylinder petrol engine in China, producing 204hp and paired either to a six-speed manual or a seven-speed dual-clutch automatic transmission

It offers seating for seven passengers, thanks to its longer body than the V6 SUV it's based on

Brilliance is reported to have been working on a new plug-in hybrid powertrain for its mid-sized SUV lineup

Brilliance is one of BMW's Chinese partners, with the German car maker recently announcing that they will acquire more than 50 percent of their local joint venture, which currently runs two manufacturing facilities in Tiexi and Dadong

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