Today, in advance of Federal Reserve Chairman Jerome Powell’s Congressional testimony this week, Groundwork Collaborative released new polling from Lake Research highlighting voters’ attitudes toward the economy, specifically voters’ increasing distrust of the Federal Reserve, opposition to continued rate hikes, and interest in the Federal Reserve prioritizing policies that help workers and families.
Dr. Rakeen Mabud, chief economist at Groundwork, shared the statement below:
“Our new poll makes it clear that people across the country want the Federal Reserve to stop raising interest rates before it pushes us toward a devastating and completely avoidable recession.
“People understand that pushing millions of workers out of a job is a terrible way to address inflation and will do nothing to address root causes of inflation like supply-chain interruptions, the war in Ukraine, and big corporations manipulating the market to increase profits. And they want a Federal Reserve that prioritizes workers and families, not Wall Street and Big Business.”
Highlights from the poll below and read the full memo here.
The poll was conducted by Lake Research Partners from January 27th through February 5th, 2023. The survey reached a total of n=1,240 registered voters nationwide. The margin of error for the full sample is +/- 2.8 percent.
If you’re interested in speaking with Dr. Rakeen Mabud or the Lake Research Partners team about the poll, the Federal Reserve, or inflation policy, please contact press@groundworkcollaborative.org.