BREAKING: Herman Cain withdraws from consideration for Fed seat amid focus on past misconduct allegations, President Trump says.
FILE - 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. Trump says Herman Cain withdraws from consideration for Fed seat amid focus on past allegations.
WASHINGTON — President Donald Trump says Herman Cain has withdrawn from consideration for a seat on the Federal Reserve’s board amid a focus on past scandals. Cain is a former CEO of Godfather’s Pizza who dropped out of the 2012 presidential race amid allegations of sexual harassment and infidelity. The issues resurfaced after Trump said he intended to nominate Cain to the central bank’s board of governors.
Trump tweeted Monday that “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.”Trump has also nominated conservative ally Stephen Moore for a separate vacancy on the Fed’s seven-member board.
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 withdraws from consideration for Fed board, Trump says
Read more »
Trump says he won't nominate Herman Cain for Fed seatSenate Republicans had warned the White House against naming Cain to serve on the body's board of governors.
Read more »
Cain has asked not to be nominated to the Fed, Trump saysHerman Cain has asked not to be nominated for a seat on the Federal Reserve Board, said President Donald Trump in a tweet on Monday. Cain 'has asked me...
Read more »
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 »
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 »
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 »
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 »