NEW: Herman Cain expected to withdraw from Fed Reserve Board of Governors consideration.
from consideration for the Federal Reserve's Board of Governors, amid growing pressure from Republican senators on the White House to remove him from consideration, according to multiple sources familiar with the matter.Cain, a political ally and former 2012 Republican presidential front runner. Trump has also nominated conservative economist Stephen Moore to the Federal Reserve's board of governors.
Since Cain has yet to be formally nominated, he is expected to announce his decision to withdraw his name from consideration in the coming days, according to an administration official and a source familiar with the matter.
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