Jerome Powell’s Public Confidence At All-Time Low

According to a new Gallup poll, Jerome Powell, the Chairman of the Federal Reserve that presided over the US economy during the Covid-19 pandemic and subsequent 40 year-high inflation, has the lowest public approval rating of any Fed chairman since the polling company began conducting surveys in 2001.

The poll shows that just 36% of Americans approve of the job Powell is doing, compared to 58% at the beginning of Covid-19 lockdowns— the highest rating since the days of Alan Greenspan’s reign in 2004. The decline in his approval rating may be due in part to his errored judgement of transitory inflation and delayed policy reaction, leaving Americans to face some of the sharpest price increases in over 40 years.

By the time Powell did begin to hike interest rates, confidence in his leadership began to wane substantially. In comparison, former Chairwoman and current Treasury Secretary Janet Yellen faced a 37% approval rating in 2014, while Americans’ confidence in Chairman Ben Bernanke stood at a paltry 39% in 2012. The Gallup poll shows that Yellen’s approval rating currently sits at 37%, the lowest since Jacob Lew held the position in 2014, and she has only 20% of confidence from Americans.

Confidence in Fed leaders also tends to mirror approval ratings of politicians; about 35% of Americans believe president Joe Biden is doing a good job with managing the economy— the lowest level since George W. Bush was president during the 2008 financial crisis.


Information for this briefing was found via Bloomberg and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Big Oil-Backed Hydrogen Hub Proposal Seeks Federal Funding

A group of oil companies, together with energy-focused organizations and a university, is working to...

Friday, January 27, 2023, 01:29:00 PM

DOJ Charges “Whistleblower” On Biden’s Corruption As Secret Chinese Agent

A prominent “whistleblower” who has repeatedly accused the Bidens of corruption now faces charges from...

Tuesday, July 11, 2023, 12:38:00 PM

Trump Calls Powell ‘Too Late and Wrong,’ Says Termination ‘Cannot Come Fast Enough’

In a sharply worded social media statement, President Donald Trump intensified his criticism of Fed...

Thursday, April 17, 2025, 10:37:00 AM

Joe Biden to Tighten Car Pollution Rules in Effort to Boost EV Adoption

The Biden administration is planning to propose the toughest-ever pollution rules for cars in the...

Friday, April 7, 2023, 09:00:00 AM

Is Joe Biden Going To Step Down Soon?

US President Joe Biden is facing increasing pressure from top Democratic leaders and close allies...

Friday, July 19, 2024, 11:53:00 AM