President Donald Trump said Monday that his embattled Federal Reserve pick Herman Cain has withdrawn from consideration for a seat on the bank’s powerful board of governors.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