Herman Cain has withdrawn from consideration for a seat on the Federal Reserve Board, President Trump says. He faced an uphill battle largely due to the revival of sexual harassment allegations against him. Cain has continued to deny the claims.
In a tweet, Trump announced that the former Republican presidential candidate, a"truly wonderful man," has asked not to be nominated for a seat on the board of the world's most influential central bank."I will respect his wishes," Trump wrote."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. I will respect his wishes.
— Donald J. Trump April 22, 2019 Cain's exit from the process, which would have included hearings on Capitol Hill and a vote in the Senate, comes less than a week after he told the Wall Street Journal in an interview he would not remove himself from consideration and was"very committed" to securing the nomination.He faced an uphill battle largely due to the revival of sexual harassment allegations that effectively ended his 2012 campaign.
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