Economist Stephen Moore recently shared his views on the U.S. economy, suggesting that it’s gaining traction under President Donald Trump. However, he noted that translating these economic improvements into political success will need more effective messaging since many voters are still doubtful, despite positive indicators.
Moore explained in an interview that there’s often a gap between perception and reality. He pointed out that, when adjusted for inflation, the median household income has risen by approximately $1,200 this year. He mentioned that real wealth growth is happening, especially for around 160 million Americans investing in retirement stocks, not just the wealthy.
Despite these statistics, Moore acknowledged that the high costs of daily living continue to influence American sentiments. “People seem to pay more attention to rising prices, which I totally get,” he said. “Yet, there are things like gasoline, airline tickets, and some household goods where we’ve actually seen prices drop.”
The stark contrast between the economic data and public sentiment presents a political hurdle for Trump, who came back to office advocating for affordability but now faces skepticism about fulfilling that promise.
Moore remarked that a recent Fox News poll indicated that 76% of voters view the economy negatively, an increase from 67% in July and 70% at the end of Biden’s term. Interestingly, voters seem to attribute the current economic troubles more to Trump rather than Biden, with many claiming Trump’s policies have personally affected them negatively.
This sense has fueled a Democratic focus on affordability, echoing in recent state and local elections.
Moore pointed out that it’s not just about prices; there’s also a need for better communication. “I think people are looking for empathy from the president,” he said, stressing the importance of understanding the struggles of the working and middle classes.
He made a comparison to the early years of President Reagan’s term after the economic fallout from Jimmy Carter’s presidency, suggesting a parallel with the challenges facing Trump today following Biden’s administration. Moore recommended that Trump should channel Reagan’s approach, urging people to stay committed to policies that would yield results over time.
According to Moore, there’s a noticeable acceleration in economic recovery, with growth clocking in at about 4.3%. He remains optimistic about the future, predicting continued robust economic growth into 2026.
