The Gold Standard | Solutions at hand for two burning issues

Bernanke Favored by 71% in Investor Poll

Federal Reserve Board Chairman Ben S. Bernanke’s standing is soaring among global investors, who say the U.S. central bank is outperforming its European counterpart, a Bloomberg poll shows.

Seventy-one percent now view Bernanke favorably, up from 60 percent three months ago, according to the quarterly poll of 1,097 Bloomberg customers conducted Dec. 5-6. That demonstrates broad support for a central banker whose purchases of trillions of dollars in housing and government debt have drawn attacks from Republicans.

Barack Obama and Treasury Secretary Timothy F. Geithner also are gaining popularity. Obama is viewed favorably by 48 percent of poll respondents,up from 39 percent in September; Geithner is rated favorably by 53 percent, up from 47 percent in September.

Almost three-quarters say the Fed has done a better job than the ECB in handling economic challenges. Still, Mario Draghi, who took over as ECB president last month, jumped to 63 percent from 36 percent.

— By Mike Dorning (for more details, see here)

I suppose this settles two long-standing issues: the efficiency of financial markets and human rationality


DISCLAIMER: This is an archived post from the Indian National Interest blogroll. Views expressed are those of the blogger's and do not represent The Takshashila Institution’s view.