CNBC Host Presses Janet Yellen On Polls Showing Americans Believe Trump Was ‘Better For The Economy’

CNBC’s Andrew Ross Sorkin queried Treasury Secretary Janet Yellen on Thursday about polls suggesting that Americans perceive former President Donald Trump as being “better” economically than President Joe Biden.

Prices resulting from inflation in May hit a milestone of hiking over 20% non-seasonally adjusted since Biden assumed the presidency, according to data from the Federal Reserve Bank of St. Louis (FRED). Sorkin on “Squawk Box” appeared to ask if Yellen had seen the polling after she stated Americans only believe the national economy is poor while believing their personal and local financial situations are “fine,” according to CNBC’s unofficial transcript.

“When they’re asked about their own personal situation, overwhelmingly people say they’re fine,” Yellen said. “And when they’re asked about the local economy, they also say that that’s fine. But when they’re asked about the national economy, they think things are not good. And … that really is something I don’t think we’ve ever seen in the United States before. We also see record levels of new 💼Business formation, which is something you would not see unless people feel confident about the economy.”