Voter confidence in President Biden’s ability to make economic decisions is at its lowest level in more than two decades.
Gallup has been tracking trust in presidents to do the right thing for the economy since 2001, when former President George W. Bush assumed office. In 2022, confidence in Biden’s economic management fell from 57% to less than 40%, and it has been there ever since. His lowest point was 35% in 2023.
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Bush was the only president with a lower level of confidence in economic management, dropping to 34 percent in 2008. Meanwhile, former President Obama’s low was 42% in 2014, and former President Trump’s lowest percentage was 42% in 2018.
According to a new Gallup poll, only 38% of American adults have “a great deal” or “a fair amount” of trust in Biden to do or advocate the right thing for the economy. Overall, Democrats received 38 percent confidence, while Republicans received 36 percent.
Meanwhile, 46 percent said they have “a great deal” or “a fair amount” of trust in Trump to do or advocate what is best for the economy. And 39 percent believe Federal Reserve Chair Jerome Powell will do the right thing.
The most recent poll was conducted with 1,001 adults between April 1 and 22, before Powell declared that interest rates would remain at a 23-year high. It has a margin of error of +/- 4 percentage points.
