Free Trial

Biden's Approval Underwater As White House Focuses On Inflation


The approval rating of US President Joe Biden remains at a near record lows of 40.9 according to pollster Five Thirty Eight.

  • This week the Biden administration has engaged in a hard pivot to the economy following the President's op-ed piece in the Wall Street Journal last week outlining a new focus on inflation.
  • Today, Treasury Secretary Janet Yellen took sharp questioning on the role of the American Rescue Plan in catalysing inflation. Yellen and Commerce Secretary Gina Raimondo both admitted to some level of misjudgment in the handling of inflation but stopped short of blaming White House policy.
  • Biden will be hoping that a more contrite line from administration officials will engender greater support from an electorate that has been resistant to the White House line that inflation has been due to external forces and beyond the control of the government.
  • An ABC News/Ipsos poll released on Sunday showed that a mere 28 percent of voters approved of Biden’s handling of inflation.
Figure 1: President Biden Approval Rating (FiveThirtyEight)

To read the full story



MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.