Powell’s Public Confidence Nears Historic Lows, Gallup Finds
- Democrats have more trust in Fed chair than Republicans
- Stubborn inflation levels have dogged Powell’s Fed tenure
Jerome Powell
Photographer: Al Drago/BloombergThis article is for subscribers only.
Jerome Powell is struggling to shed his label as the lowest-rated US Federal Reserve chairman in nearly a quarter century, as inflation persists and high prices irritate US consumers, according to a new Gallup poll.
The survey shows 39% of US adults say they have a “great deal” or a “fair amount” of confidence that the Fed chairman would do the right thing for the economy, a slight increase from 36% a year ago when prices were rising more rapidly. The change is within the poll’s margin of error of 4 percentage points.