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As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by

President Trump said Monday former Republican presidential candidate Herman Cain has withdrawn from consideration to be nominated to the Federal Reserve Board.

“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!” Trump tweeted.

Four Republican senators said they would not support Cain, all but dooming his chances of confirmation. The decision marks a setback for Trump’s effort to install allies at the central bank, which has traditionally been independent of politics.

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