Cain about to retire as Trump & # 39; s candidate for the Federal Reserve Board

Herman Cain, the former executive and former presidential candidate of the Godfather & # 39; s Pizza, is expected to consider the position of the Federal Reserve Board.

ABC News said early Friday that Cain would withdraw his name after four Republican senators and a moderate Democrat said she would not confirm the businessman who stopped the 2012 presidential race about allegations of sexual harassment.

President Trump said on Wednesday that he left the White House for fundraisers in Texas, that it would be up to Cain – that he was a & # 39; great guy & # 39; and said he was very happy to do so – to decide if he wanted to name him from the recital for the government job that comes with a 14-year term.

A White House official told DailyMail.com on Friday that the president's statement still exists.

In addition to the allegations of sexual misconduct against Cain that emerged, critics have argued that he is not qualified to serve in the Fed's Fed, despite having been president of the Kansas City branch for two years in the late 80s from the financial institution.

The White House stands before Herman Cain in front of the Federal Reserve Board when a fourth Republican senator announced that he was against the appointment of the former pizza ceo, reducing the chance of a successful confirmation.

North Dakota's Republican Senator Kevin Cramer said on Thursday that he could not support Cain by becoming a member of his GOP colleague's Sens. Lisa Murkowski, Cory Gardner and Mitt Romney in the opposition to the former Godfather & # 39; s Pizza Chairman.

If all four do not cast a vote and Democrats do not support Cain, he cannot collect the 50 votes needed for passage. Republicans only control 53 votes in the Senate.

& # 39; If I had to vote today, I would vote no, & # 39; Cramer said Thursday.

The White House stands before the Federal Reserve Board at Herman Cain

The White House stands before the Federal Reserve Board at Herman Cain

But a fourth Republican senator said he had no vote on Thursday and lowered the chances of confirmation for President Donald Trump's candidate

But a fourth Republican senator said he had no vote on Thursday and lowered the chances of confirmation for President Donald Trump's candidate

But a fourth Republican senator said he had no vote on Thursday and lowered the chances of confirmation for President Donald Trump's candidate

Cain had to leave the 2012 presidential race after it was announced that four women working for him at the National Restaurant Association accused him of sexual harassment. Cain denied the allegations but reached financial settlements with two of the women.

The White House stands for their proxy – for now.

Earlier Thursday, White House National Economic Council director Larry Kudlow told The Hill newspaper that President Cain continued to support.

& # 39; As the president said yesterday, he continues to support [Cain] and we'll see how that works out, & Kudlow said.

& # 39; He is in the process, we let him go through it, the president insists, & # 39; he added.

Trump called Cain a & # 39; great & # 39; man.

& # 39; He is a very wonderful man, a wonderful person, & # 39; Trump told reporters in the Oval Office. & # 39; He is a friend of mine. I highly recommended it for the Fed. I told my people that that is the man and he is doing some pre-checks and I would think he would be in top form. I think Herman is an excellent person. A really excellent person. I would think he would do very well there. & # 39;

& # 39; He is a very respected man, he is a friend of mine. He's someone who makes it and I hope everything goes well, but Herman Cain is a very good guy, & he added.

Senator Kevin Cramer

Senator Kevin Cramer

Senator Lisa Murkowski

Senator Lisa Murkowski

Senator Kevin Cramer joined GOP colleague Sen. Lisa Murkowski in announcing his opposition to Herman Cain

Sen. Cory Gardner

Sen. Cory Gardner

Sen. Mitt Romney

Sen. Mitt Romney

Republican Sens. Cory Gardner and Mitt Romney also oppose the appointment of Cain

Cain said in a video on his Facebook page last week that he was confronted with a & # 39; cumbersome & # 39; confirmation process.

& # 39; Have them go back and dig up eight-year-old stuff, & # 39; said Cain. & # 39; I will be able to explain this time where they did not let me explain this last time. They were too busy believing the prosecutors. & # 39;

Cain, who was a GOP presidential candidate in 2012, served from 1989 to 1991 as President of the Federal Reserve Bank of Kansas City.

His presidential dreams fell when accusations of sexual harassment – dating back to his tenure as head of the National Restaurant Association – came to light.

Cain & # 39; s 9-9-9 tax plan and strong debate performance had put him on the list of GOP contenders, but eventually five women accused him of harassment – all denied by Cain – and it ended his bid.

He was one of Trump's biggest supporters.

In January of this year, Cain formed a super-PAC called America Fighting Back, which is trying to combat the negative media coverage of the president.