In the first quarter of 2025, the confidence index of the American public in the leaders of the U.S. economy was released. For many of our friends, the focus is on two individuals: one is U.S. President Trump, and the other is Federal Reserve Chairman Powell. The darker the color, the higher the level of trust; the lighter the color, the lower the level of trust, with gray indicating no opinion (similar to indifference).
From the data, it can be seen that 44% (30+14) firmly believe that Trump can improve the economy, 11% have a little confidence, and 44% do not believe he can handle economic issues. This data represents that the majority of the American public does not think Trump can manage economic problems, and this is still the highest figure in the entire survey.
Powell's data is even worse, with only 37% of Americans believing he can handle economic issues, while 50% have insufficient confidence in Powell. There is even the highest number of "no opinion" votes in all statistics, indicating that Powell is not viewed very favorably by the public, even less so than Trump.
From the data, the public's confidence in Trump is even lower than the 48% during Trump's first term and is also less than Biden's first quarter of 57%. Many voters may be asking themselves whether their initial choice was correct and whether things would be better if the Democrats and Harris were in power.
However, Trump has indeed made some contributions to the cryptocurrency industry. Aside from his involvement in issuing coins, he has promoted and advanced the development of the cryptocurrency sector in the U.S., launching a strategic reserve for Bitcoin. The newly appointed heads of the SEC and CFTC are all cryptocurrency-friendly and enthusiasts, making it easier for cryptocurrency to progress.
As for Powell, with doubts about the U.S. economy falling back into recession, the lack of comprehensive easing in U.S. monetary policy, and inflation still at a high level, public distrust in Powell has reached the lowest point in the last 24 years.
Although Trump cannot remove Powell, it seems that Powell may find it difficult to seek re-election in 2026.
Finally, returning to Trump's average job approval rating, the support rate in the first quarter of his second term is 45%, which is higher than his first term's 41%, but still below the levels of all elected U.S. presidents since World War II. The average approval rating for all elected presidents from 1952 to 2020 in their first quarter is 60%. Trump is the only president whose average approval rating in the first quarter of his term was below 50%.
Looking at it this way, the Trump 2.0 version hasn't improved much. Interestingly, this low score still surpasses all other U.S. leaders, including Congress and the Federal Reserve ratings. This current U.S. government is quite unpopular.
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