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President Donald Trump tweeted Monday that he will not nominate businessman and 2012 Republican presidential candidate Herman Cain to a seat on the Federal Reserve.

"My friend Herman Cain, a truly wonderful man, has asked me not to nominate him for a seat on the Federal Reserve Board," Trump wrote. "I will respect his wishes."

Weeks ago, Trump announced that he was planning to nominate Cain, saying he recommended him "highly for the Fed."

"I've told my folks that that's the man," Trump added, noting that Cain was going through a background check "and I would imagine he would be in great shape."

But the needed support for Cain's possible nomination did not materialize in the Senate. Four Republicans — Sens. Kevin Cramer of North Dakota, Lisa Murkowski of Alaska, Mitt Romney of Utah and Cory Gardner of Colorado — indicated they were not in favor of his nomination, meaning that if all 47 Democrats were to vote no, Cain would not have the votes to be confirmed.

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Conservative economics pundit Stephen Moore has withdrawn his bid to be appointed to the Federal Reserve Board — within hours of boasting that he expected to be easily confirmed by the Senate — President Donald Trump said Thursday in a Twitter post.

Moore’s putative nomination for the central bank had faced intense criticism and scrutiny after Trump said he wanted him on the Federal Reserve board.

Moore, a 59-year-old visiting fellow at the Heritage Foundation think tank, drew fire for his economic views, a messy divorce, a $75,000 IRS income tax lien and past statements that belittled women.

Moore, in a letter to Trump, blamed “the unrelenting attacks on my character,” which “have become untenable for me and my family and 3 more months of this would be too hard on us.”

A senior White House official told CNBC that the decision to pull the plug on Moore’s candidacy was made shortly before Trump tweeted that Moore was bowing out.

His withdrawal comes less than two weeks after businessman Herman Cain dropped out from Fed board contention because of opposition from a number of Republican senators. Moore likewise was facing pushback from multiple GOP senators this week.

Two other Fed picks by Trump, Nellie Liang and Marvin Goodfriend, likewise failed.

Not long before Trump’s announcement Thursday, Moore said in an interview with Bloomberg News that he disagrees with Trump’s call for the central bank to sharply cut rates.

“I’m not so sure I agree with the White House that we should cut rates by an entire percentage point,” said Moore, who has been critical of the Fed in the past. “I just don’t see the case for that right now.”

In that same interview, Moore said, “I think I’m going to win a big majority. ... Just because a senator today says they won’t vote for me doesn’t mean that three months from now they won’t.”

Senate Minority Leader Chuck Schumer, D-NY, quickly called on Trump on Thursday to nominate “two serious candidates,” pointedly suggesting that Cain and Moore were anything that that.

Sen. Shelley Moore Capito, a Republican from West Virginia, told reporters that Moore’s withdrawal “was a good move, and I look forward to the next nominee.”

Asked if Moore’s case provided the White House with a lesson on vetting nominees for government posts, Capito quipped, “Read people’s articles that they write would be a good start.”

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“Very unlikely that I would support that person,” Sen. Joni Ernst, R-Iowa, told reporters when asked about a potential Moore nomination.

Senate Majority Whip John Thune, R-S.D., told The Washington Post that confirming Moore would be a “very heavy lift.”

The GOP has a 53-47 edge in the Senate, so Moore could only afford to lose three Republicans. The term for the Fed board role is 14 years.