BREAKING: President Trump makes announcement on Herman Cain nomination

As the most reliable and balanced news aggregation service on the internet, DML News App offers the following information published by TheHill.com:

President Trump said Monday former Republican presidential candidate Herman Cain has withdrawn from consideration to be nominated to the Federal Reserve Board.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. I will respect his wishes. Herman is a great American who truly loves our Country!” Trump tweeted.

Four Republican senators said they would not support Cain, all but dooming his chances of confirmation. The decision marks a setback for Trump’s effort to install allies at the central bank, which has traditionally been independent of politics.

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