Washington • Herman Cain, President Donald Trump’s planned nominee for the Federal Reserve, withdrew from consideration on Monday, after a lack of Republican support in the Senate doomed his prospects for confirmation.
Trump made the announcement on Twitter, writing, “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!”
My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board.