Confidence drops in Biden's ability to rescue pandemic-hit economy: poll

Americans' confidence in President Joe Biden's ability to rescue the country's pandemic-hit economy has dwindled, a recent poll released on Tuesady has suggested.

The Axios-Ipsos poll, conducted on Oct. 22-25, found that 44 percent of respondents said they trust the administration's capacity to ensure a speedy economy recovery from COVID-19, down 8 percent from January.

Official data shows inflation surged 5.4 percent from September 2020 to September 2021, leading to price hikes on goods and services.

The dip in confidence signals a long way to go for the Biden administration to rescue an economy battered by supply chain bottlenecks, high levels of unemployment, and spiking inflation, according to analysts.