Abolish the Fed? 16 Percent Say Yes: Poll

Mike Taylor — Thu, 09 Dec 2010 16:00:49 -0400

There is now a poll whose numbers back massive anecdotal evidence that the Federal Reserve is enormously unpopular and that many of its detractors are fed up enough to advocate its abolition. Bloomberg undertook a nationwide poll of 1,000 Americans conducted from Dec. 4 through 7.

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.

Republicans edged Democrats in a pitchforks-and-torches mentality; 19 percent of Republicans wanted to end the Fed, vs. 12 percent of Democrats.

mtaylor [at] observer.com | @mbrookstaylor

Observer » Abolish the Fed? 16 Percent Say Yes: Poll

Abolish the Fed? 16 Percent Say Yes: Poll