When it comes to the economy, Kamala Harris appears to have closed the "trust gap."
Why it matters: In polling throughout this election cycle, President Biden had been losing on the issue, with voters consistently saying they preferred Donald Trump on the economy.Harris seems to have shaken off some of that baggage.
The big picture: The economy is typically an important issue for voters in an election, but it's been especially significant this cycle — as the high cost of living is weighing on people's wallets.
Zoom in: 46% of voters said they trust Harris to handle the economy — the same share as former President Trump, according to a Morning Consult poll conducted in late August and released Thursday morning.A separate survey from FT-Michigan Ross, taken after the debate and released on Sunday, shows Harris with a slight edge over Trump when it comes to the economy. Voters who watched the debate were even more apt to go for Harris.
Between the lines: This isn't about voters preferring Harris over Trump so much as it is about voters preferring Harris over Biden.Her entry in the race has reshaped the way we talk about the economy in this election, says Sofia Baig, an economist at Morning Consult.
Not many folks are out there throwing around the term Bidenomics anymore.
Ben Werschkul at Yahoo Finance:
The Federal Reserve's decision to opt for a bigger half-percentage-point cut opened a new area of disagreement between GOP nominee Donald Trump and Fed Chair Jerome Powell.
What Trump said this week is that the cuts are a sign of one thing: a weak economy that he claims was brought on by the Biden/Harris administration.
"I guess it shows the economy is very bad to cut it by that much assuming that they are not just playing politics," Trump said at a Manhattan bitcoin bar Wednesday.
"One or the other," the GOP nominee added "but it was a big cut."
Powell — who was elevated to Fed chair by then-President Trump but has found himself often at odds with him in recent years — offered an opposite analysis Wednesday afternoon.
"Our economy is strong overall," Powell told reporters, arguing the move to cut the Fed's benchmark rate by 50 basis points was instead a way to try to ensure "strength in the labor market can be maintained" alongside economic growth.
