Report: Herman Cain To Withdraw His Name From Federal Reserve Board

WASHINGTON, DC - APRIL 16:  Former Republican presidential candidate Herman Cain waits to speak at the "Cain's Revolution on the Hill" Tax Day Rally at the U.S. Capitol April 16, 2012 in Washington, DC. Cain spent the day promoting his 9-9-9 tax code plan in advance of tomorrow, the day that Americans are required to file their income taxes this year.  (Photo by Win McNamee/Getty Images)
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Well, that didn’t last long.

Herman Cain will take his name out of the running for the Federal Reserve Board, according to ABC News.

Per ABC, an “administration official” and a “source familiar with the matter” say that the ex-pizza mogul is expected to announce his decision sometime within the next several days.

The news comes after multiple Republican senators, including Sens. Kevin Kramer (R-ND) and Mitt Romney (R-UT), said they’d refuse to confirm Cain if President Donald Trump did tap him for the position.

“If I had to vote today, I couldn’t vote for Herman Cain,” Kramer told the Washington Post and Bloomberg News. “The allegations that drove him from the presidential race are just so obviously serious.”

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