“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. Herman is a great American who truly loves our Country,” Mr. Trump tweeted.
Reports surfaced Mr. Cain would withdraw his candidacy for the board following lackluster support from the GOP.
Four Republican senators — Kevin Cramer of North Dakota, Lisa Murkowski of Alaska, Cory Gardner of Colorado and Mitt Romney of Utah — all said they would vote no for Mr. Cain, giving Democrats a potential majority to block his nomination.
Mr. Trump also announced his second pick would be conservative economist and author Stephen Moore. Mr. Moore is a columnist for The Washington Times.
Mr. Cain, the former CEO of Godfather Pizza, ran for the GOP presidential nomination in 2012 on his “9-9-9” tax plan that would eliminate tax laws in favor of a 9 percent tax on sales, individual income and corporate income.
Copyright © 2020 The Washington Times, LLC.