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Herman Cain withdraws himself from consideration for Federal Reserve Board, Trump says

Herman Cain withdraws himself from consideration for Federal Reserve Board, Trump says
Herman Cain speaks during Faith and Freedom Coalition's Road to Majority event in Washington on June 20, 2014. -  Copyright  Molly Riley AP file
Copyright Molly Riley AP file
By Allan Smith with NBC News Politics
Published on
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Trump tweeted Monday that he would respect Cain's wishes and not nominate him for the position.

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President Donald Trump tweeted Monday that he will not nominate businessman and failed 2012 GOP presidential candidate Herman Cain 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," Trump wrote. "I will respect his wishes. Herman is a great American who truly loves our Country!"

This is a developing story.

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