• 265 days Could Crypto Overtake Traditional Investment?
  • 270 days Americans Still Quitting Jobs At Record Pace
  • 272 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 275 days Is The Dollar Too Strong?
  • 275 days Big Tech Disappoints Investors on Earnings Calls
  • 276 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 278 days China Is Quietly Trying To Distance Itself From Russia
  • 278 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 282 days Crypto Investors Won Big In 2021
  • 282 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 283 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 285 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 286 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 289 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 290 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 290 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 292 days Are NFTs About To Take Over Gaming?
  • 293 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 296 days What’s Causing Inflation In The United States?
  • 297 days Intel Joins Russian Exodus as Chip Shortage Digs In
  1. Home
  2. Markets
  3. Other

Confidence in the Fed Sinking Fast from Greenspan to Bernanke to Yellen: How Much Confidence Do You Have?

Once-revered central bank heads failed to foresee the housing bubble and the great financial crisis that followed. As a result, faith in the Fed has plunged.

People had high confidence in Alan Greenspan for much of his tenure, but that confidence tailed off towards the end. Confidence in Ben Bernanke declined further, and confidence in Yellen is at or near record lows.

The following chart shows the shift in confidence under the last three Fed chairs.


Shift in Confidence

How confidence in the Fed leader has shifted

The above chart from the Wall Street Journal article Years of Fed Missteps Fueled Disillusion With the Economy and Washington.

Bernanke had more negative marks than Yellen, but more positive marks as well.

In the early 2000s, confidence in Chairman Alan Greenspan often exceeded 70%. An April Gallup poll found 38% of Americans had a great deal or fair amount of confidence in Ms. Yellen, while 35% had little or none.

How much confidence do you have in Janet Yellen?

-- Mike Shedlock (@MishGEA) August 26, 2016

Note that St. Louis Fed president Bullard is worried about confidence in the Fed: Bullard Warns Yellen on Credibility, Sticks with Forecast "1 Hike in Next 2.5 Years"

 

Back to homepage

Leave a comment

Leave a comment