Only 38% of U.S. adults said they have “a great deal” or “a fair amount” of confidence in President Joe Biden to carry out or recommend the right steps for the national economy, according to the latest Gallup Poll released Monday.
That is significantly below the 46% who said they have “a great deal” or “a fair amount” of confidence in former President Donald Trump to do or recommend the right thing for the economy.
Other results from the survey include:
- Only 39% had “a great deal” or “a fair amount” of confidence in Federal Reserve Chair Jerome Powell to carry out or recommend the right steps for the national economy, about the same level of confidence on the issue given to Democrat (38%) and Republican (36%) leaders in Congress.
- Confidence in Biden’s economic management fell significantly in 2022 from 57% to 40% amid sharply higher inflation, and it has been below 40% since then hitting a low of 35% last year. Only George W. Bush earned lower confidence than Biden has since last year — by the end of his second term, amid the Great Recession, when just 34% expressed confidence in his management of the nation’s economy.
- About one-third of independents said they were confident in Biden, Powell, and both parties’ congressional leaders, while Trump earned higher confidence from independents at 45%.
- Overall confidence ratings on the economy were last at the majority level in 2009 for Democratic congressional leaders and in 2003 for Republican congressional leaders.
The latest Gallup Poll was conducted with 1,001 adults from April 1-22. It has a margin of error of 4 percentage points.