Herman Cain says he dropped out of Fed running because of the pay cut

( CNN) Embattled Federal Reserve collect Herman Cain says he is withdrawing his specify from consideration for a seat on the bank’s powerful members of the board of governors for a simple reason: He doesn’t crave a money reduction.

“Without getting too specific about how big-hearted a remunerate slouse oh, let’s am saying I’m somewhat confident that if your boss told you to take a same compensate reduction, you’d tell him where to repair, ” Cain wrote.
Salaries of members of the security council are given annually by Congress. For 2019, Cain would have received a yearly stipend of $183,100. The Fed chair and the vice chairman are paid $203,500.