Cain withdraws candidacy for Fed governorship

Herman Cain
Former Federal Reserve Board nominee Herman Cain
Gage Skidmore

Herman Cain has asked US president Donald Trump not to nominate him to the Federal Reserve Board, Trump revealed in a tweet on April 22.

Ever since his nomination was first mooted earlier this month, Cain faced fierce opposition from both Democratic and Republican senators owing to his partisan views on economic policies and perceptions that he was underqualified. Last week, four Republican senators said they would vote against his nomination, which made his confirmation appear unlikely.

In a

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