New Gallup Poll shows lack of confidence in Leadership at the Federal Reserve; ‘Lowest on Record’

Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”

Important Takeaways:

  • Jerome Powell Faces Lowest Public Confidence for Fed Chairman on Record, Gallup Says
  • 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 points — and is the lowest level recorded since Gallup began tracking public confidence in the central banking chief in 2001. Former Chairman Ben Bernanke’s lowest point came in 2012, at 39%.
  • Confidence in the Fed generally follows the health of the economy. In April 2020, just a month after the onset of Covid-19 lockdowns, confidence in Powell was at 58% — the highest approval of any Fed chairman since Alan Greenspan in 2004.

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