Poll shows Trump with an 11-point lead over Biden in economy

Former President Trump Overshadows Biden in Economy: Poll and Analysis

A recent poll by The Financial Times has revealed that former President Trump holds a commanding lead over current President Biden when it comes to handling the economy. The poll asked respondents who they believed would be the better economic steward, with 42% choosing Trump and only 31% selecting Biden.

Despite presiding over historically low unemployment and a booming stock market, Biden appears to have not convinced voters of his economic stewardship. While there was some evidence of rising sentiment on the economy in the poll, with 27% of respondents saying the U.S. economy is “excellent” or “good” (up from 21% in a previous poll), and 47% saying they can “comfortably” pay their expenses (up three percent from November), Biden’s approval rating on the economy remained at 36%, the same as in the previous survey.

The Trump campaign has targeted Biden over inflation, which reached its lowest levels since 2022, with consumer prices rising 3.4% between January 2022 and January 2023, and only 0.3% between December and January, resulting in a significant decrease from previous months. The Federal Reserve is expected to keep interest rates high due to the continued decrease in inflation.

On the other hand, the Biden administration has been working to promote its handling of the U.S. economy under its leadership. Treasury Secretary Janet Yellen highlighted the “historic recovery” of the U.S. economy since COVID under the Biden administration, emphasizing strong GDP growth and a significant decline in inflation in remarks to the House Financial Services Committee.

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