As Herman Cain Bows Out of Fed Contention, Focus Shifts to Stephen Moore

WASHINGTON — President Trump announced Monday that Herman Cain, one of his two embattled picks for the Federal Reserve Board, had withdrawn his name from consideration, even as his second candidate came under new scrutiny over his attitudes toward women.

Mr. Cain, a former pizza chain executive, made his decision as he battled old accusations of sexual harassment that had halted his 2012 presidential campaign.