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Jerome Powell Faces Lowest Public Confidence for Fed Chairman on Record, Gallup Says
Public confidence in Jerome Powell’s leadership of the Federal Reserve has dropped precipitously, according to a new survey, and is now at or below his predecessors’ as the central bank wages its war against inflation. A Gallup poll released Tuesday shows 36% of US adults say they have a “great deal” or a “fair amount” of confidence that the Federal Reserve chairman would do or recommend the right thing for the economy. That’s lower than Janet Yellen’s 37% during her first year leading the Fed in 2014 — though the difference is within the survey’s margin of error of plus-or-minus 4 percentage ... (full story)
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