Tags: Financial Markets | Money | Trump Administration | herman cain | federal reserve | nomination | withdrawal

ABC: Herman Cain to Abandon Fed Reserve Nomination

herman cain, wearing a cowboy hat, stands with pursed lips
Herman Cain (AP)

By    |   Thursday, 11 April 2019 10:19 PM

Facing a steep uphill battle in the Senate, Herman Cain is expected to withdraw from a possible post on the Federal Reserve's Board of Governors, according to a new report.

ABC News reported Thursday evening Cain will make his decision known in the coming days.

Cain ran for president in 2012 and served as chair of the Federal Reserve Bank of Kansas City from 1995-1996. He also worked as the chairman and CEO of Godfather's Pizza from 1986-1996. Democrats — and even some Republicans — have questioned Cain's qualifications to serve on the Federal Reserve Board.

Earlier Thursday, a fourth Republican — Sen. Kevin Cramer, R-N.D. — said he would not vote for Cain. Without any votes from Democrats and independents, Cain's nomination would fall short in the Senate.

Sens. Mitt Romney, R-Utah, Lisa Murkowski, R-Alaska, and Cory Gardner, R-Colo., were also opposed to Cain serving in the role.

President Donald Trump has not officially nominated Cain, but he was planning to.

© 2019 Newsmax. All rights reserved.

   
1Like our page
2Share
Newsfront
Herman Cain is expected to withdraw from a possible post on the Federal Reserve's Board of Governors, according to ABC News.
herman cain, federal reserve, nomination, withdrawal, fbi, vetting
159
2019-19-11
Thursday, 11 April 2019 10:19 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved