• 5 hours Nothing Can Stop The Tesla Boom
  • 21 hours 9 Ways The Lockdown Is Playing Out Around The World
  • 1 day WeWork Sues SoftBank For Withdrawing $3 Billion Insider Payoff
  • 2 days Solving Transportation’s Biggest Problem
  • 2 days Big Banks Could Win Big On Fed Small Business Bailout
  • 2 days Trump Increases Pressure On Venezuela
  • 2 days Researchers Create Organic Battery
  • 3 days Gold Is Still A Safe Haven, But Not Very Alluring
  • 3 days China Is Buying Up Billions Of Barrels Of Cheap Crude Oil
  • 4 days Are Gold Stocks Going To Bounce Back?
  • 4 days The Politics Of A Pandemic
  • 5 days What Does CHina’s EV Slowdown Mean For The Battery Metals Sector?
  • 6 days COVID Report Cards Will Brand Businesses Forever
  • 6 days Trump Tweet Sends Oil Soaring 25%
  • 7 days Why The Coronavirus Economic Crash Is Worse Than You Think
  • 7 days Is A Global Currency Necessary?
  • 8 days America Has Shed 500,000 Millionaires Since The Coronavirus Lockdown Began
  • 8 days Trump Wants Another $2 Trillion Economic Intervention
  • 9 days The Surprising Businesses Deemed “Essential” During The Coronavirus Lockdown
  • 9 days Priceless Van Gogh "Spring Garden" Painting Stolen
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

  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