Start United States USA — Financial Herman Cain withdraws from Fed consideration, Trump says

Herman Cain withdraws from Fed consideration, Trump says

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President Donald Trump said Monday that his embattled Federal Reserve pick Herman Cain has withdrawn from consideration for a seat on the bank’s powerful board of governors.
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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