Survey: Public Trust in the Fed Chair Near Historical Lows

According to a report by Jinse Finance, The Kobeissi Letter stated that "public trust in the Fed Chairman is nearing historical lows:" According to a Gallup poll, only 37% of American adults express "a great deal" or "somewhat" of confidence that the Fed chairman will make the right decisions for the economy. For the current chairman, Powell, this is the second lowest level during his second term. In contrast, the peak of confidence occurred in 2020, when it was 58%. The only time confidence was this low in this century was during Yellen's term in 2014. The Fed is facing a crisis of trust.