Former presidential candidate and Godfather's Pizza CEO Herman Cain is under consideration for a Federal Reserve governorship, CNBC has confirmed.

Cain, 73, is a former chairman of the Kansas City Fed, having served at the bank from 1989-96 before leaving to pursue political activities full time.

Cain met with President Donald Trump on Wednesday at the White House, where he was escorted by National Economic Council director Larry Kudlow, CNBC's Eamon Javers confirmed.