Trump Today: President drops Cain for Fed as he brushes off impeachment threat
By Robert Schroeder, MarketWatch
'Nobody disobeys my orders,' Trump tells reporters in wake of Mueller report
President Donald Trump on Monday backed off on his choice of Herman Cain for the Federal Reserve, as he dismissed talk of impeachment following Special Counsel Robert Mueller's report last week.
Trump said he'd respect the wishes of Cain not to be nominated for a seat on the Fed's board, in a move that came amid insufficient support from Republican senators. Trump had not formally nominated the former pizza-chain executive, one of two controversial candidates floated by the president for the Fed's seven-member board. The other pick, Stephen Moore, is also facing criticism over past statements.
Read:Trump effort to put political allies on Fed dealt blow after Herman Cain withdraws (http://www.marketwatch.com/story/trump-effort-to-put-political-allies-on-fed-dealt-blow-after-herman-cain-withdraws-2019-04-22).
Also see:Trump Fed pick Stephen Moore wrote columns criticizing female involvement in sports (http://www.marketwatch.com/story/trump-fed-pick-stephen-moore-wrote-columns-criticizing-female-involvement-in-sports-2019-04-22).
NO IMPEACHMENT WORRIES
Trump, appearing at the White House's annual Easter Egg Roll, was asked if he was worried about impeachment in the wake of the Mueller report, which portrayed staffers ignoring his orders related to tamping down the special counsel's Russia probe.
"Nobody disobeys my orders," Trump told reporters during the event. With some liberal Democrats pressing for impeachment, the president said he's "not even a little bit" worried about it.
At the same event Trump also told the media that a child told him to finish his proposed border wall (http://www.marketwatch.com/story/trump-says-child-told-him-to-build-the-wall-at-easter-egg-roll-2019-04-22).
Opinion:Mueller time's over. Here's why the House could consider impeachment (http://www.marketwatch.com/story/with-mueller-report-what-started-as-politics-ends-in-politics-2019-04-18).
IRANIAN OIL SANCTIONS
As his administration told five countries they won't be exempt from sanctions if they continue to import Iranian oil, Trump tweeted Saudi Arabia and other OPEC nations would "more than make up the Oil Flow difference." Oil futures rallied on the Iran news, with May West Texas Intermediate oil rising $1.70, or 2.7%, to settle at $65.70 a barrel on the New York Mercantile Exchange.
Read: U.S. won't renew sanctions waivers for importing Iran oil (http://www.marketwatch.com/story/us-wont-renew-sanctions-waivers-for-importing-iran-oil-2019-04-22).
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-Robert Schroeder; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
April 22, 2019 15:48 ET (19:48 GMT)
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