- Fifty-eight percent of Americans said that they have a great deal or a fair amount of confidence that Powell will do or recommend the right thing for the economy, according to an April 1-14 Gallup Poll released Thursday.
- It's the highest reading a Fed chair has had since Alan Greenspan's 56% confidence rating in 2005.
- The rating is also the highest Powell has received in his two years as Fed chair. It shows confidence in him as grown amid the Fed's actions to combat economic fallout from the
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People are feeling most confident in the actions of state leaders and the
As many as 58% of Americans said that they have a great deal or a fair amount of confidence that Powell will do or recommend the right thing for the economy, according to an April 1-14 Gallup Poll released Thursday. It's the highest reading a Fed chair has had since Alan Greenspan's 56% confidence rating in 2005.
The poll also showed that people feel that local government leaders are doing the best local government — 68% of respondents said they have a great deal or a fair amount of confidence that the governor in their state will do or recommend the right thing for the economy.
Gallup's poll comes amid economic turmoil stemming from the coronavirus pandemic, which has led to most of the US being under lockdown to curb the spread of COVID-19, the illness caused by the virus. As many as 26 million Americans have lost jobs and filed for unemployment insurance in just five weeks, and a slew of other economic indicators are flashing red — retail sales, industrial production, and consumer confidence have tanked.
Confidence in Powell has grown amid the crisis, according to the poll. His latest rating is much higher than the 45% and 50% figures Gallup found in his first two years in the chairman role.
The
Powell's rating beat out those of