Report: Herman Cain To Withdraw As Federal Reserve Candidate

April 12-- Apr. 12--Less than a week after President Trump announced that he was going to nominate Herman Cain to the Federal Reserve board, the former fast food executive reportedly intends to remove his name from consideration.

Trump's announcement was met with almost immediate questions from within his own party as to Cain's qualifications for the gig, including from Senators Mitt Romney (R-Utah), Lisa Murkowski (R-Alaska), Cory Gardner (R-Colo.) and Kevin Cramer (R-N.D.), who all said they would vote against him.

But they won't get that chance, as he plans to step away first, ABC News reported late Thursday.

Cain, 73, was considered a frontrunner for the 2012 presidential campaign before five women accused him of sexual misconduct.

"He's a terrific man, a terrific person. He's a friend of mine," Trump said in the Oval Office last week while announcing his plans to nominate Cain. "I have recommended him highly for the Fed. I've told my folks 'that's the man.'"

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