Donald Trump Donald Trump

Donald Trump has fired... himself.

The real estate mogul and reality TV host has pulled out of moderating the Dec. 27 Republican debate in Des Moines, Iowa, in case he decides to run in the future.

Donald Trump to moderate GOP debate

"It is very important to me that the right Republican candidate be chosen to defeat the failed and very destructive Obama administration, but if that Republican, in my opinion, is not the right candidate, I am not willing to give up my right to run as an independent candidate," Trump said in a statement Tuesday. "Therefore, so that there is no conflict of interest within the Republican Party, I have decided not to be the moderator of the Newsmax debate. The American people are embarrassed by the gridlock currently taking place in Washington. I must leave all of my options open because, above all else, we must make America great again!"

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Trump, 65, signed on last week to moderate the debate, which would've been broadcast on Ion Television. Only former House Speaker Newt Gingrich and former Sen. Rick Santorum were planning to attend, while the rest of the field declined. Ron Paul and Jon Huntsman said they felt having Trump as moderator would've have been a spectacle.

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"I would like to thank Newt Gingrich and Rick Santorum for having the courage, conviction and confidence to immediately accept being a part of the Newsmax debate," Trump said. "I believe this would not only have been the most watched debate, but also the most substantive and interesting debate!"Trump began dropping hints in March that he might run for president — and he ranked high among potential Republican candidates in early polls. However, he announced in May that he would not run, but left the door open if the Republican candidates failed to impress him.