According to a recent poll released by The Financial Times, former President Trump maintains a significant lead over President Biden when it comes to handling the economy. 42% of respondents in the poll said they believe Trump would be the best steward for the U.S. economy, compared to 31% who chose Biden.
Despite presiding over historically low unemployment and a booming stock market, President Biden has not fully convinced voters of his economic stewardship. In fact, the Financial Times poll showed that only 36% of respondents approved of Biden’s handling of the economy – the same as in a November survey.
On the other hand, 27% of respondents said that the U.S. economy is “excellent” or “good,” up from 21% in a poll four months ago. Additionally, 47% of respondents said they can “comfortably” pay their expenses, up three percent from November. These positive signs suggest that while voter sentiment towards Biden’s economic stewardship remains mixed, there are some positive indicators for his administration’s efforts to revive the U.S. economy after the pandemic.
The Trump campaign has continued to attack Biden on inflation, highlighting that consumer prices rose by an average of 3.4% between January 2022 and January 2023 – one of the highest increases in decades. Meanwhile, Treasury Secretary Janet Yellen last week boasted about what she called “historic recovery” under President Biden’s administration, citing strong GDP growth and declining inflation rates as evidence of success