But there will come a time when his popularity will inevitably wane as interest rates have to rise and with that rise could come some serious pain for UK homeowners. There may be more than just pain if a new report from think-tank Resolution Foundation is right, over a million households could be headed for 'debt peril'.
Last year it identified 3.6 million households that were 'debt-loaded' meaning they pay out a quarter of their income on debt repayment. Those in debt peril spend more than half their income servicing debt.
If interest rates rise to 3.9% by 2017 (which the think-tank thinks is plausible) and income growth stays as it is, ie below GDP growth, then 1.25 million households could find themselves in a perilous state of affairs.
The government is loading us up with cheap money by giving lenders access to an £80 billion pot of cheap finance and pushing first-time buyers into the market through its Help to Buy scheme but it is also pushing up house prices meaning more people are taking on more debt.
It's a precarious state of affairs and no wonder Carney has said he's not going to let interest rates rise in the foreseeable future, he has the fate of the nation's homes on his shoulders and the sword of 'debt peril' for a million households hanging over his head.
With rising house prices, people throwing stupid money at property and cheap credit anyone would think it's the property boom years of 2006/07 again and we all know where that got us.