Consumers Have Only Modest Confidence in Fed’s Economic Management, Survey Shows
- Democrats report higher level of trust in Fed than Republicans
- Vast majority see a Fed aligned with Republicans if Trump wins
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A survey of more than 5,000 consumers found only modest confidence in the Federal Reserve’s ability to manage inflation and unemployment effectively.
The average level of trust in the Fed’s ability was measured at 3.2 on a scale of 1 to 7 (with 7 equaling the highest trust), according to a new paper published by the National Bureau of Economic Research.