Voter confidence in President Biden’s economic decision-making abilities is currently at its lowest point in over two decades.
Gallup has been monitoring public confidence in presidents’ ability to handle the economy since 2001, when former President George W. Bush assumed office. Confidence in President Biden’s economic management has seen a decline, dropping from 57 percent to below 40 percent in 2022 and has remained at that level since. In 2023, his lowest point was recorded at 35 percent.
During his tenure, Bush’s confidence in economic management plummeted to 34 percent in 2008, making him the only president to achieve such a low rating. In comparison, former President Obama experienced a low of 42 percent in 2014, while former President Trump also reached a low of 42 percent in 2018.
According to a recent Gallup survey, just 38 percent of American adults expressed confidence in President Biden’s ability to make the right decisions or recommendations for the economy. This level of confidence was consistent among both Democrats and Republicans, with each party receiving 38 percent and 36 percent confidence respectively.
46 percent of respondents expressed a significant level of confidence in Trump to make the correct decisions or provide recommendations for the economy. Additionally, 39 percent of individuals have faith in Federal Reserve Chair Jerome Powell to do what is right.
According to the most recent poll, which was taken from April 1-22, with a sample size of 1,001 adults, it was found that interest rates would remain at a 23-year high. The margin of error for this poll is plus or minus 4 percentage points.
