4th most populous city in us7/6/2023 ![]() ![]() Confidence Now on the DeclineĪfter peaking at 58%, those with a “great deal” or “fair amount” of trust in the Fed chair have tumbled to 36%, the lowest number in 20 years. Measures implemented by the Fed include bringing interest rates to near zero, quantitative easing (buying government bonds with newly-printed money), and emergency lending programs to businesses. This was likely due to Jerome Powell’s decisive actions to provide support to the U.S. On the flip side, public confidence spiked during the COVID-19 pandemic. The burst of the dotcom bubble-which some attribute to Greenspan’s easy credit policies-resulted in a sharp decline. We can see that trust in the Federal Reserve has fluctuated significantly in recent years.įor example, under Alan Greenspan, trust was initially high due to the relative stability of the economy. Yearĭata for 2023 collected April 3-25, with this statement put to respondents: “Please tell me how much confidence you have to recommend the right thing for the economy.” Percentages reflect the share of respondents that have either a “great deal” or “fair amount” of confidence. The data used in this infographic is also listed in the table below. We’ve visualized these results from 2001 to 2023 to see how confidence levels have changed over time. More specifically, respondents are asked how much confidence they have in the current Fed chairman to do or recommend the right thing for the U.S.
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