Fed Up
The Determinants of Public Opposition to the U.S. Federal Reserve
Bibliographic Data
| ID | 12419682 |
|---|---|
| Authors | Ian G Anson (0000-0002-1545-4270, Department of Political Science, University of Maryland, Baltimore County, Baltimore, MD, USA, corresponding author) |
| Year | 2024 |
| Volume | 77 |
| Issue | 4 |
| Pages | 1279-1293 |
| Publication date | 2024-07-24 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Political Research Quarterly (JOURNAL) |
| Journal identifiers | ISSN: 1065-9129 • E-ISSN: 1938-274X |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/10659129241265703 |
| OpenAlex | W4400951574 |
| Language | EN |
| References cited | 41 |
The U.S. Federal Reserve plays a major role in the global economy, despite low public awareness of its functions and responsibilities. Scholars have recently noted three ongoing developments in the politics of the Fed: A dramatic increase in the size of the Fed’s balance sheet, a decrease in the Fed’s insulation from partisan politics, and evidence that the Fed has struggled to manage inflation in recent times. Despite the contributions of recent studies, little is known about how Americans’ levels of diffuse and specific public support for Federal agencies are influenced by trends in agencies’ size and scope, politicization, and performance. In this study, I use a survey experimental design to evaluate the effects of emphasis frames on support for the Federal Reserve. Results demonstrate that while specific support declines in reaction to frames that associate Fed actions with rising inflation, messages about the Fed’s growing balance sheet erode diffuse support for the Fed. However, when reminded of the Fed’s declining political independence, partisans’ levels of support diverge. These results imply the potential for substantial future declines in public support for the operation of this critical, yet largely overlooked, Federal institution, especially among partisans of the presidential out-party
Economics · Opposition (politics · Political economy · Political science · Politics · Electoral Systems and Political Participation · Law · Media Influence and Politics · Political Influence and Corporate Strategies · Public Administration
The Power and Independence of the Federal Reserve
Divested
Data quality in online human-subjects research
A systems analysis of political life
Toward a Theory Relating Political Discourse, Media, and Public Opinion
The Myth of Independence
Taking the time? Explaining effortful participation among low-cost online survey participants
Diverse Pre-Treatment Effects in Survey Experiments
Ought It Audit? Information, Values, and Public Support for the Internal Revenue Service
A Test of the “News Diversity” Standard
Framing the Origins of Covid-19
The cultural origins of institutional trust
Framing, Agenda Setting, and Priming
How Public Opinion Constrains the U.S. Supreme Court
A Simple Theory of the Survey Response
Bias Will Find a Way
The Dynamics of Public Support for the Supreme Court
Assessing the Influence of Political Parties on Public Opinion
The American Political Economy
The Politics of Central Bank Independence
Learning More from Political Communication Experiments
How Political Parties Shape Public Opinion in the Real World
The Etiology of Public Support for the Supreme Court
No Harm in Checking
The Study of the Federal Reserve and Power in American Politics
Framing Theory
Seeing Like the Fed
Key Factors in Frame Building
| Citation velocity | historical |
|---|---|
| Highly cited | No |