Herman Cain says he will not drop out of Fed Board consideration

The former Godfather’s Pizza CEO and Kansas City Fed Board president said he is “very committed” to the process, according to the newspaper. Trump picked Cain, a 2012 presidential candidate, for one of two vacant Fed Board seats but has not formally nominated him.

Four Republicans — enough to sink Cain in the Senate — expect not to support his confirmation to the central bank board if Trump nominates him. On Tuesday, Trump’s top economic advisor Larry Kudlow said the White House is “talking to a number of candidates” for the seat. He said it will “probably be up to Herman Cain if he wants to stay in the process or not.”

Cain told the Journal that Kudlow was “giving [him] an out.”

“I don’t want an out,” he said.