Potential Fed nominee Cain says not withdrawing from consideration
Tweet
Share
E-mail
FILE PHOTO: Former Republican presidential hopeful Herman Cain gives the Tea Party Express response to U.S. President Barack Obama's State of the Union Address, at the National Press Club in Washington January 24, 2012. REUTERS/Jonathan Ernst/File Photo
WASHINGTON (Reuters) - One of President Donald Trump's prospective Federal Reserve nominees, businessman Herman Cain, said on Thursday he was not withdrawing from consideration for the post, although his chances of winning the Senate's needed approval appear dim.
In an interview with Fox News Channel, Cain said it was not clear that the minds of four Republican senators who have voiced concerns about his nomination cannot be changed.
If their opposition holds, and if all Senate Democrats and the two independents who caucus with them also oppose Cain, his nomination would fail to win the majority backing needed in the Senate for Cain's confirmation.
(Reporting by Mohammad Zargham; Editing by Tim Ahmann)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Take-Two prices 'Grand Theft Auto VI' at $79.99, sticks to November 19 launch
- Qualcomm in talks to provide custom chip-design services to ByteDance, sources say
- BofA says 15% upside left for Nikkei in 2026
Create E-mail Alert Related Categories
Fed, General News, ReutersRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
