Herman Cain has asked not to be nominated for a seat on the Federal Reserve Board, President Donald Trump tweeted on Monday.
Cain “has asked me not to nominate him for a seat on the Federal Reserve Board. I will respect his wishes,” Trump tweeted. Just last week, Cain said he had no intention of withdrawing from consideration for a seat on the influential board, which sets interest rates.
Cain is a 1967 graduate of historically Black Morehouse College, where he majored in math. A former CEO of a Godfather’s Pizza, he’s credited with successfully reviving the chain.
Listen to GHOGH with Jamarlin Martin | Episode 20: Andrew Gillum Jamarlin talks to Andrew Gillum, mayor of Tallahassee and leading Democratic candidate for Florida governor. They discuss the DNC taking the Black vote for granted, its silence on the killing of 60 Palestinian protestors, and whether big tech and Silicon Valley elites can be regulated at the state level.
A Tea Party activist, Cain was a candidate for the Republican presidential nomination in 2012, but dropped out of the race after being accused of sexual harassment. At least five women at the time accused Cain of sexual harassment.
Cain served at the Kansas City Federal Reserve between 1989 and 1996 and was chairman from 1995 to 1996.
“My friend Herman Cain” is “a truly wonderful man,” Trump tweeted.
The Cain nomination was not actually official, but was doomed from the start. Some Republicans in recent weeks made a “behind-the-scenes” play to get Trump to drop Cain, and four Senate Republicans opposed his nomination — enough to sink his chances, The Week reported.
