Authored by Andrew Moran via The Epoch Times,
The Federal Reserve, established more than a century ago, is the United States’ third experiment with central banking.
For much of its existence, the institution maintained a low public profile.
Only after the 2008 global financial crisis did the Fed begin communicating more openly, introducing post-meeting press conferences and allowing monetary policymakers to engage more frequently with the media.
Greater transparency, however, has brought greater scrutiny.
Public sentiment toward the Fed and its leadership has fluctuated over the years. Today, YouGov polling suggests the central bank is viewed favorably by 44 percent of Americans and unfavorably by 18 percent.
If the Fed pursues a series of reforms, it will have “another great 100 years,” said Kevin Warsh, who was nominated by President Donald Trump to serve as the institution’s next chair.
Comparable to past central banks, Warsh said, the current Federal Reserve System is beginning to lose the consent of the governed.
“You can think about the Jacksonians of prior times say that the central bank seems like they’re trying to focus and they’re all preoccupied with those special interests on the East Coast, and they’ve lost track of what’s happening to us in the center of the country,”Warsh said in a July 2025 interview with the Hoover Institution’s Peter Robinson.
“It’s a version of what worries me today.”
Source: ZeroHedge News
