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Post by bot on Apr 12, 2019 0:23:48 GMT -5
Herman Cain to pull his name from consideration for Fed board: report
Former 2012 presidential candidate Herman Cain plans to remove his name from consideration for a place on the Federal Reserve's Board of Governors in the coming few days, ABC News reported on Friday. Citing several sources, the report said Cain was bowing amid growing protests from Senate Republicans who object to his potential nomination. Sens. Mitt Romney (R., Utah), Cory Gardner (R., Colo.), Lisa Murkowski (R., Alaska) and Kevin Cramer (R., N.D.) all said this week that they wouldn't vote to confirm Cain, a former Republican presidential candidate, if he were formally nominated for a Fed board job. Cain hasn't been officially nominated, but President Donald Trump has said that he would nominate both Cain and economist Stephen Moore to fill two empty seats on the Fed board.
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