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Tipsheet

Herman Cain Won't Serve on the Federal Reserve Board After All

President Trump announced Monday afternoon former Godfather's Pizza CEO and Republican presidential candidate Herman Cain won't be serving on the Federal Reserve Board after all. 

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Cain's nomination came under extensive scrutiny two weeks ago and allegations of sexual harassment have resurfaced. Those same allegations tanked his presidential campaign during the 2012 cycle. 

"I am at peace with my God. I am at peace with my wife and she is at peace with me. And I am peace with my family and I’m at peace with myself,”  Cain said at the time. “As of today with a lot of prayer and soul searching I am suspending my presidential campaign. I am suspending my presidential campaign because of the continued distraction.”

Just four days ago Cain defiantly said he would not withdraw his name or his nomination.

"There is no there there with my past behavior with women. They were all accusations that were unfounded and untrue," Cain said. "They're going to raise it because they're going to try and embarrass me. They're not going to embarrass me because I am not going to allow them to turn my confirmation, if I get there, into a circus. I'm simply not going to allow it.

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