A recent study reveals a complex pattern of partisan trust in the Federal Reserve, influenced by presidential politics. Historically, Americans have shown greater trust in the Fed when their preferred party controls the White House. However, during Donald Trump’s second term, this trend shifted, with Republicans expressing lower trust in the Fed compared to Democrats. This change may stem from inflation concerns, skepticism towards technocratic institutions, or Trump’s public criticism of the Fed. Interestingly, despite lower trust, Republicans anticipate lower future inflation, possibly attributing this to Trump’s policies. Democrats, on the other hand, express higher trust in the Fed but are more concerned about inflation, often linking it to Trump’s tariffs. These findings underscore the influence of political leadership on public perceptions of economic institutions.
— new from NPR
