Trump is Said to Select Herman Cain for Federal Reserve Board Seat

The video discusses an individual's background, including his roles in business and politics, such as running a pizza company and a failed presidential campaign. It highlights his involvement with the Kansas City Fed and the challenges faced during the confirmation process for Federal Reserve appointments. The discussion also touches on the Senate's role in confirming these appointments and compares past and present practices.

What was the outcome of President Obama's nomination of Peter Diamond?

What is the significance of the qualifications of the individuals nominated to the Fed as discussed in the text?