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The John Batchelor Show

#LondonCalling:The unpopular Jerome Powell & What is to be done? @JosephSternberg @WSJOpinion

The John Batchelor Show

John Batchelor

Arts, News, Society & Culture, Books

4.52.8K Ratings

🗓️ 10 May 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Transcript

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0:00.0

This is CBS Eye on the World.

0:08.4

Here's John Batchler.

0:10.6

A new poll about Jerome Powell, the chairman of the Federal Reserve, is a surprise to me.

0:16.8

I read from the Reuters, Americans' confidence in Federal Reserve chair Jerome Powell's economic

0:22.5

stewardship has skidded to the lowest of any recent U.S. central bankhead, according

0:28.9

to a Gallup poll.

0:30.9

Just 36% of respondents to a Gallup poll last month said they either had a great deal

0:37.2

or fair amount of confidence in Powell.

0:40.4

This is the lowest of any Fed chair since Gallup began the annual survey in 2001 when

0:46.1

Alan Greenspan was in charge.

0:48.2

The previous low was 37% for Janet Yellen, now Treasury Secretary during her first year

0:54.6

as the central bank leader.

0:56.8

I welcome Joseph Sternberg, member of the editorial board of the Wall Street Journal.

1:01.7

He's in London.

1:02.7

He writes a political economics column and Joe's new column carefully anticipates this

1:09.1

poll, though I do not believe that was Joe's intention when he started out because the

1:16.1

Federal Reserve and Jerome Powell in particular are much in question these days for one, waiting

1:24.2

so long to deal with inflation following the pandemic and two, accelerating bank rate

1:32.2

rises right into what appears to be an on-again off-again banking crisis.

1:37.5

Joe, a very good evening to you.

1:39.1

Jerome Powell is unpopular.

1:41.5

I take that.

...

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