Jerome Powell faces lowest public confidence for Fed chairman on record, Gallup says

Bloomberg/Gergory Korte/5-9-2023

“Public confidence in Jerome Powell’s leadership of the Federal Reserve has dropped precipitously, according to a new survey, and is now at or below his predecessors’ as the central bank wages its war against inflation.”

USAGOLD note: With regional banks still on the ropes and a warning from the Fed that a credit crunch is in the offing. Powell’s slipping popularity only adds to the uncertainty.