Jerome Powell Faces Lowest Public Confidence for Fed Chairman on Record, Gallup Says | Crypto Craft

  • Jerome Powell Faces Lowest Public Confidence for Fed Chairman on Record, Gallup Says

    From bnnbloomberg.ca

    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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fx6996
May 9, 2023 10:11am
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And your point is....?

Frankly who cares what John Q Public thinks?

Powell has 1 job: Control inflation.

He's been clear - go back to the Jackson Hole speech in August 2022 where he said this will be painful.

Medicine isn't always fun but necessary
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yieldjunkie
May 10, 2023 10:50am
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I suspect Powell's "Public confidence" rating is strongly correlated with the level and anticipated direction of rates and nothing else. No surprise there.

It's the cheap-money chasers who are displeased now, but were not displeased when it was clear the Fed was slow to react to inflation.
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fx6996
May 9, 2023 1:08pm
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Quoting Bakker
I don't know how the man on the street could ever be in a position to judged how well Powell is doing his job.
Well said. The average woman/man is really over their head when it comes to fiscal policy for the USA; kinda like our politicians
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Ericedge
May 9, 2023 11:17am
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We were told if the economy is good raise interest rate if it's bad cut interest rate.or are there other ways of tightening economy other than raising interest rate when the economy is good.As far as am concern..i take off my hat Jerome Powell.
Bakker
May 9, 2023 12:12pm — Edited
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I don't know how the man on the street could ever be in a position to judge how well Powell is doing his job.
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Banglafx
May 9, 2023 10:45pm
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His job is to focus on the long-term US Economy, maybe today's US citizens and institutions are suffering but he is concerned regarding the future -
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