President Trump said Thursday he plans to nominate former Godfather’s Pizza CEO and 2012 Republican presidential candidate Herman Cain to serve on the board of the Federal Reserve. Trump called Cain an “outstanding person”—even though he dropped out of the 2012 race when three women accused him of sexual harassment, while a fourth woman said she and Cain had engaged in a lengthy extramarital affair. Herman Cain is a longtime critic of the Fed; he’s a proponent of regressive taxation who’s called for the U.S. to revert to the gold standard.