Confidence in Fed chair Jerome Powell spikes amid coronavirus crisis - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.

WASHINGTON, DC - SEPTEMBER 26: Federal Reserve Board Chairman Jerome Powell arrives for a news conference on September 26, 2018 in Washington, DC. The Fed raised short-term interest rates by a quarter percentage point as expected today, with market watchers expecting one more increase this year and three more in 2019.

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 coronavirus pandemic. People are feeling most confident in the actions of state leaders and the Federal Reserve chairman Jerome Powell amid the coronavirus pandemic that has wreaked havoc on the US economy.

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. 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.

Most people don’t understand the role the fed plays or even that its there. A more public face on American fiscal and monetary programs and purpose would lessen the unhinged discussions “ Lets hang all the bankers !”.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DoorDash virtually recreates restaurant experience amid coronavirus - Business InsiderDoorDash is recreating the restaurant experience with virtual backgrounds and dining room playlists from popular chains like The Cheesecake Factory and Cracker Barrel
Source: BusinessInsider - 🏆 729. / 51 Read more »

Staying on task while working from home amid the coronavirus pandemic - Business InsiderSimple things like taking enough breaks and making my bed every morning have put me in a better headspace to work remotely during the pandemic. SlackHQ Money Money Money Money Money Money Yeahhhhh...Money
Source: BusinessInsider - 🏆 729. / 51 Read more »

Staying on task while working from home amid the coronavirus pandemic - Business InsiderSimple things like taking enough breaks and making my bed every morning have put me in a better headspace to work remotely during the pandemic. SlackHQ Be a Larry David SocialDistancing SlackHQ My things: Don’t play cup pong too much on text. Only work out for 1 hour Watch daily Trump conference Take vitamins everyday. Take showers most days SlackHQ Putting on casual clothes pretending you are in your office could also work.
Source: BusinessInsider - 🏆 729. / 51 Read more »