AP: A Trump Fed choice steps aside, and another faces new doubts
AP, April 22nd, 2019: A Trump Fed choice steps aside, and another faces new doubts
President Donald Trump’s efforts to reshape the Federal Reserve stumbled on Monday, with one of his potential nominees for the Fed’s board withdrawing from consideration and another being enveloped by fresh doubts.
Herman Cain, a former CEO of Godfather’s Pizza, asked to be taken out of the running for an influential post at the U.S. central bank, Trump tweeted. Cain had dropped out of the 2012 presidential race after facing allegations of sexual harassment and infidelity — issues that resurfaced after Trump said earlier this month that he planned to nominate Cain for the Fed.