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It is expected that Herman Cain will come out of the consideration of the Federal Reserve Board



Herman Cain is expected to bring his case to the Board of Governors of the Federal Reserve, against the backdrop of growing pressure from Republican Senators to the White House to remove it from consideration, according to many sources familiar with this issue.

President Donald Trump announced last week that he intends to nominate Cain, a political ally and former Republican presidential candidate in 2012. Trump also appointed Conservative Economist Stephen Moore to the Board of Directors of the Federal Reserve.

Senators Mitt Romney, R-Utah, Liza Murkowski, R-Alaska, Cory Gardner, R-Colo and Senator Kevin Kramer, RN.D., opposed the appointment of Cain, probably reducing his chances of confirmation by the Senate, since It is unlikely that he will receive support from Senate Democrats.

Since Cain has not yet been formally appointed, he must declare his decision to withdraw his remarks in the coming days, respectively

  President Donald Trump listens to the President of South Korea, Moon Hye-yi during a meeting in Oval Office of the White House, on Thursday, April 11, 2019, in Washington DC. (Evan Vucci / AP) President Donald Trump listens to South Korean President Luna Je-in during a meeting in Washington, DC, on Wednesday, April 11, 2019, at the White House Oval Office.

ABC News appealed to Cain for a response.

Some Senate Republicans expressed concern about Cain's support for lowering interest rates, repeating Trump's call. There is also anxiety about checking Cain against the background of previous sexual harassment and behavioral allegations during the 2012 presidential campaign. Cain denied these statements.

Former CEO of Godfather's pizza, who turned the company into a better franchise for pizza, is a prominent presidential supporter, launching the Pro-Trump super-PAC, America Fighting Back PAC in 2018. "a group of most loyal supporters of President Trump to fight this terrible and unnecessary propaganda."

Director of the White House Economic Council Larry Kudlov said on Thursday that the president is sticking with his decision to appoint Cain "for now."

When asked by reporters on Wednesday, if the Cain nomination is safe, Trump suggested Cain decide if he retreat.

"Well, I like Herman Cain.
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