Hela systemet bygger på förtroende och FED tappar detta snabbt vilket innebär att vi närmar oss ett nytt monetärt system.
People had high confidence in Alan Greenspan for much of his tenure, but that confidence tailed off towards the end. Confidence in Ben Bernanke declined further, and confidence in Yellen is at or near record lows.
The following chart shows the shift in confidence under the last three Fed chairs.
Shift in Confidence
How much confidence do you have in Janet Yellen?