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“More Than Half of Americans Want Fed Reined In Or Abolished”

Posted by
December 9, 2010
in Blog

“Americans across the political spectrum say the Fed shouldn’t retain its current structure of independence. Asked if the central bank should be more accountable to Congress, left independent or abolished entirely, 39 percent said it should be held more accountable and 16 percent that it should be abolished. Only 37 percent favor the status quo.

In a previous poll, conducted Oct. 7-10, 35 percent of Americans said the Fed should be radically overhauled, while 8 percent said it should be abolished.

Republicans and independents are more likely to support ending the Fed, with 19 percent of independents, 16 percent of Republicans, and 12 percent of Democrats wanting to do away with the central bank. Among those who identify themselves as supporters of the Tea Party movement, which wants to rein in government, 21 percent want to abolish the Fed.” Read more

“More Than Half of Americans Want Fed Reined In Or Abolished” 
Joshua Zumbrun 
Bloomberg Businessweek, December 9, 2010. 

Image by Salvatore Vuono / FreeDigitalPhotos.net.