Trump says Cain withdraws from consideration for Fed seat

WASHINGTON — President Donald Trump says Herman Cain has withdrawn from consideration for a seat on the Federal Reserve’s board amid a focus on past scandals.
Cain is a former CEO of Godfather’s Pizza who dropped out of the 2012 presidential race amid allegations of sexual harassment and infidelity. The issues resurfaced after Trump said he intended to nominate Cain to the central bank’s board of governors.
Trump tweeted Monday that “My friend Herman Cain, a truly w