After Controversy, Herman Cain Out of Running for Fed

2012 presidential candidate withdraws his name from consideration
By Evann Gastaldo,  Newser Staff
Posted Apr 22, 2019 12:29 PM CDT
Herman Cain Won't Be on Fed Board After All
In this June 20, 2014 file photo, Herman Cain, CEO, The New Voice, speaks during Faith and Freedom Coalition's Road to Majority event in Washington.   (AP Photo/Molly Riley, File)

Well, never mind: Herman Cain has withdrawn himself from consideration for the Federal Reserve Board. "My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board," Trump tweeted Monday. "I will respect his wishes. Herman is a great American who truly loves our Country!" Trump has two spots to fill on the Fed's board of governors, but his choice of Cain for one quickly appeared doomed after multiple Republican senators said they would not support him. Cain, the former CEO of Godfather's Pizza, pulled out of the 2012 presidential race after allegations of sexual impropriety emerged. (Trump's other pick for a seat on the board is also controversial.)

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