Overview
- New polls released late Monday showed 58% of voters now say Trump’s policies have made them financially worse off while only 13% say they are better off.
- Rising pessimism about the national economy was evident in the same surveys, with about 59% of Americans saying the economy is getting worse.
- A CBS News/YouGov measure finds the president’s net economic approval roughly 30 points underwater, a level analysts say is worse than George W. Bush’s standing before the 2006 midterms.
- Trump has publicly pressed for interest-rate cuts and named a new Federal Reserve chair, but Kalshi markets put the chance of a cut at under 1% this week and about 19% this year.
- Analysts warn these shifts in personal and national economic views create a serious political liability for Trump and House Republicans ahead of the fall midterms, with widespread concern about prices and pocketbook stress among voters.