President Donald Trump announced Monday that Herman Cain, a former pizza executive and 2012 presidential candidate, had withdrawn himself from consideration for a seat on the Federal Reserve Board.
div > div.group > p:first-child"> "My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board. I will respect his wishes. Herman is a great American who truly loves our Country!" the president wrote in a tweet.Cain's selection had been on shaky ground practically since the day Trump announced him earlier this month. At the time, Trump told reporters,"I have recommended him highly for the Fed.
Cain is a stalwart political supporter of the president's, and earlier this year he founded a super PAC created specifically to combat negative press coverage of Trump. More importantly, Cain, like Trump, is an outspoken critic of the Federal Reserve, which Cain has accused in the past of"manipulating" the value of the U.S. dollar.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Herman Cain Says He Won’t Withdraw From Consideration for Fed BoardHerman Cain said he has no intention of withdrawing his name from consideration for a seat on the Federal Reserve Board, despite an apparent lack of sufficient support for Senate confirmation if President Trump nominates him.
Read more »
Herman Cain says he will not drop out of Fed Board considerationCain said he is 'very committed' to the process despite an apparent lack of Senate support, he told The Wall Street Journal.
Read more »
Herman Cain says won't quit bid for Fed seat: reportHerman Cain said Wednesday he had no plans to withdraw from consideration for a seat on the Federal Reserve Board, according to a report by the Wall Street...
Read more »
Herman Cain: 'My voice is needed' to counter Fed and its 'professor standard'The prospective nominee promises to pursue a stable dollar if confirmed to a central bank board that he thinks is too dominated by academics.
Read more »
The White House is interviewing other potential Fed candidates beyond Herman Cain and Stephen MooreLarry Kudlow insists that controversial Trump picks Herman Cain and Stephen Moore are still in the running to join the board of the Federal Reserve.
Read more »
Cain says he won't withdraw from Fed consideration despite Senate objectionsHerman Cain said that he will not withdraw his name from consideration to join the board of the Federal Reserve even though senators have already signaled that they would likely reject his nomination
Read more »
Potential Fed nominee Cain says not withdrawing from considerationOne of President Donald Trump's prospective Federal Reserve nominees, busin...
Read more »
Perspective | If Republicans can’t stomach Herman Cain for the Fed, how on earth can they tolerate Stephen Moore?Perspective: If Republicans can’t stomach Herman Cain for the Fed, how on earth can they tolerate Stephen Moore?
Read more »
Kudlow Says It’s Up to Cain Whether to Bow Out or NotPresident Trump’s top economic adviser, Lawrence Kudlow, said it is up to former restaurant executive Herman Cain to decide whether he wants to continue to be considered for a seat on the Fed or bow out.
Read more »