Herman Cain withdraws from doomed Fed nomination


Herman Cain's Federal Reserve Board nomination is officially dead — and before it ever actually became official.
Trump on Monday said that Cain has "asked me not to nominate him" for the Federal Reserve Board seat, with the president saying he will "respect his wishes" while praising Cain as a "great American."
This comes after four Senate Republicans expressed opposition to Cain's nomination, enough to sink his chances of being confirmed. Trump hadn't actually formally nominated Cain yet, though. Some Republicans in recent weeks reportedly made a "behind-the-scenes" play to get Trump to drop Cain, who during his 2012 presidential run denied allegations of sexual harassment and previously said he wasn't sure he would make it through the "cumbersome" vetting process.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
But the White House said it was up to Cain whether his nomination would proceed, even as it interviewed other candidates. Cain on April 17 told The Wall Street Journal he would not withdraw from consideration and was "very committed" to the process. "I don’t quit because of negative criticism," Cain said. "I don’t quit because of negative attacks. And I don’t quit because several senators have expressed reservations about my qualifications."
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.
-
Musk vows DOGE pullback as Tesla profits plunge
Speed Read The Tesla SEO says he will soon step back from government matters to devote more time to the company
By Peter Weber, The Week US
-
Dozens dead in Kashmir as terrorists target tourists
Speed Read Visitors were taking pictures and riding ponies in a popular mountain town when assailants open fired, killing at least 26
By Rafi Schwartz, The Week US
-
IMF sees slump from tariffs, Trump tries to calm markets
Speed Read The International Monetary Fund predicts the U.S. and global economies will slow significantly due to the president's trade war
By Peter Weber, The Week US
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
By Peter Weber, The Week US
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
By Justin Klawans
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
By Peter Weber
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
By Justin Klawans
-
Mega Millions jackpot climbs to an estimated $1.55 billion
Speed Read
By Catherine Garcia
-
Bangladesh dealing with worst dengue fever outbreak on record
Speed Read
By Catherine Garcia
-
Glacial outburst flooding in Juneau destroys homes
Speed Read
By Catherine Garcia, The Week US
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creature
Speed Read
By Justin Klawans