Economics
Confidence in Fed Chair Hits Highest Point Since Greenspan Era
- Gallup survey respondents weigh in on job by Fed’s Powell
- Standing of Fed chair had declined for several years
Jerome Powell, chairman of the U.S. Federal Reserve.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Americans’ confidence in the Federal Reserve’s leadership reached a 15-year high as the central bank moved aggressively to counter the crippling economic impact of the coronavirus pandemic.
A combined 58% of respondents said they had a “great deal” or “fair amount” of confidence that Fed Chairman Jerome Powell would do or recommend the right thing for the economy, according to an April 1-14 survey by Gallup.