US citizens lack confidence in Biden’s team to avert an economic crisis.

Majority of Americans Lack Confidence in Economic Leaders

April Gallup Poll Reveals Low Trust in Biden and Yellen

According to an April Gallup poll, the majority of Americans do not trust economic leaders, including President Joe Biden and Treasury Secretary Janet Yellen, to steer the country’s economy in the right direction. When asked how confident they were in the president “to do or to recommend the right thing for the economy,” 64 percent of respondents said “only a little” or “almost none.” Fifty-four percent do not trust Yellen or Federal Reserve Chairman Jerome Powell to manage the economy well. Many of the economic leaders Gallup included in the poll are at or near the lowest confidence ratings recorded in 20 years.

This is yet another blow to Biden’s reelection efforts. Despite the White House’s insistence that the 80-year-old president is fit for a second term and has a reputable economic record, 68 percent of Americans believe Biden is too old to run, and 54 percent think former President Donald Trump handled the economy better, according to an ABC News/Washington Post poll released Sunday.

“This poll is just brutal for President Biden,” ABC’s George Stephanopoulos said Sunday.

Low Confidence in Democratic Leaders in Congress

The Gallup poll, published Tuesday, comes the same day Biden and House Speaker Kevin McCarthy (R., Calif.) start talks on the U.S. debt ceiling. Biden is insisting the federal government raise the debt limit without conditions. McCarthy said the House will not approve a proposal that does not include spending cuts that address the ballooning budget deficit.

The Gallup poll also found that only 34 percent of people had “a great deal” or “fair amount” of confidence in Democratic leaders in Congress to make the right decisions for the economy. Republicans in Congress had a slightly better confidence level at 38 percent.

Key Takeaways:

• 64% of Americans lack confidence in President Biden’s ability to steer the economy in the right direction
• 54% do not trust Treasury Secretary Janet Yellen or Federal Reserve Chairman Jerome Powell to manage the economy well
• 68% of Americans believe Biden is too old to run for a second term
• 54% think former President Donald Trump handled the economy better
• Only 34% of people have confidence in Democratic leaders in Congress to make the right decisions for the economy
• Republicans in Congress have a slightly better confidence level at 38%

These findings highlight the lack of trust Americans have in their economic leaders and could have significant implications for future elections and economic policies.