Voter confidence in President Biden’s economic decision-making abilities is at its lowest level in more than 20 years.
Gallup is tracked confidence Presidents have been asked to do the right thing for the economy since 2001, when former President George W. Bush took office. Confidence in Biden’s economic management fell from 57% to less than 40% in 2022, and has remained at that level ever since. His lowest was 35 percent in 2023.
President Bush was the only president whose confidence in economic management fell to 34% in 2008. Meanwhile, former President Obama’s lowest rate was 42% in 2014, and former President Trump’s lowest rate was 42% in 2018.
In the latest Gallup poll, only 38% of U.S. adults said they were “very” or “quite” confident that Biden would do or recommend the right thing for the economy. The overall confidence rating for Democrats was just 38%, while for Republicans it was 36%.
Meanwhile, 46% said they had “a lot” or “a lot” of confidence in Trump to do or recommend what’s right for the economy. Additionally, 39% are confident that Federal Reserve Chairman Jerome Powell will do the right thing.
The latest poll was conducted among 1,001 adults from April 1 to April 22, before Chairman Powell announced that he would keep interest rates at their highest level in 23 years. It has a margin of error of plus or minus 4 percentage points.
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