Herman Cain withdraws himself from consideration for Federal Reserve Board, President Trump says.
, Trump announced that he was planning to nominate Cain, saying he recommended him"highly for the Fed."
"I've told my folks that that's the man," Trump added, noting that Cain was going through a background check"and I would imagine he would be in great shape." But the needed support for Cain's possible nomination did not materialize in the Senate. Four Republicans — Sens. Kevin Cramer of North Dakota, Lisa Murkowski of Alaska, Mitt Romney of Utah and Cory Gardner of Colorado — indicated they were not in favor of his nomination, meaning that if all 47 Democrats were to vote no, Cain would not have the votes to be confirmed.
Cain made his name in the restaurant industry, where he ran the Nebraska-based Godfather’s Pizza franchise from 1986 to 1996 and has claimed his leadership saved the company from bankruptcy. He touted that experience as a conservative presidential candidate who was briefly the GOP front-runner in a crowded 2012 primary field.around the time he headed the National Restaurant Association from 1996 to 1999, and that he had an extramarital affair.
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