Washington (CNN) President Donald Trump said Thursday that he's recommending Herman Cain, a former pizza executive who dropped his bid for the 2012 Republican presidential nomination amid sexual harassment allegations, for a seat on the Federal Reserve Board.

"I've recommended Herman Cain. A terrific man, a terrific person. He's a friend of mine," Trump told reporters in the Oval Office. "I've recommended him highly for the Fed. I've told my folks that that's the man and he's doing some pre-checking now and I would imagine he'd be in great shape."

The announcement comes weeks after Trump floated another nominee to fill an open seat on the Fed board: Stephen Moore, a former campaign adviser and distinguished fellow at the conservative Heritage Foundation.

There are currently two vacancies on the seven-member Fed Board.

Since the start of his presidency, Trump has moved to reshape the world's most powerful central bank, already appointing four people to the seven-member Fed Board so far.