The Federal Reserve sent some important signals this week about the state of the U.S. economy. WSJ's Gerald F. Seib explains why that spells good news and bad news for President Trump. Photo: GettySTOCKBRIDGE, Ga.—Herman Cain said he has no intention of withdrawing his name from consideration for a seat on the Federal Reserve board, despite apparently lacking enough Senate support to be confirmed if President Trump nominates him. Mr. Cain, speaking Wednesday in an interview with The Wall Street Journal, said he is “very committed” to sticking with the process of being vetted by the White House as it considers whether to formally nominate him for the position.

Source: Wall Street Journal April 17, 2019 19:33 UTC