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Thursday, July 7, 2011

Bernanke Public Approval Falls to Lowest With Too-Slow Economy

By Joshua Zumbrun

Federal Reserve Chairman Ben S. Bernanke?s standing with the public has slid to its lowest level in almost two years of polling on the issue, even as faith in the Federal Reserve holds up.

Bernanke is viewed favorably by 30 percent of those polled, compared with 26 percent who view him unfavorably; the remainder are unsure. In September of 2009, Bernanke enjoyed 41 percent approval and 22 percent disapproval. The Fed itself is viewed favorably by 42 percent of voters, little changed from previous surveys.

The Bloomberg National Poll, conducted June 17-20, shows that the reputation of Bernanke, who led the central bank through the longest U.S. recession since the Great Depression, has slid lower as the unemployment rate has remained stuck near 9 percent or higher for 26 consecutive months.

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