Why not?

“President Trump confirmed on Thursday that he wants Herman Cain on the Federal Reserve board, pending a vetting process. Earlier in the day, Axios reported that he was waiting on vetting before announcing a formal nomination.

Why it matters: It’s likely confirmation that Trump is ready to move ahead with the former presidential candidate, whose possible nomination was reported by Bloomberg in January. “He won’t formally announce until the vet is completed. … But he likes Cain and wants to put him on there,” a senior official who has discussed the matter with the president told Axios before Trump’s public comments …”