Trump

Forbes survey: More than one-third of the 50 Wall Street giants no longer support Trump's economic policies

ChainCatcher news, recently, Forbes contacted 50 top leaders on Wall Street, including billionaire investors, major institutional asset management firms, and the largest wealth advisors in the United States, to gauge their level of support for President Trump's economic strategy since taking office.These 50 respondents were selected for their significant influence. Among these Wall Street heavyweights—more than half of whom supported his economic policies when Trump returned to the White House in January—72% stated that the Trump team's economic plan is ineffective, and 66% do not support his economic policies. Among those who supported Trump just weeks ago, more than a third no longer back his economic policies, with the majority (54%) indicating that Trump has failed to implement his plans.Forbes also surveyed these Wall Street moguls on specific aspects of Trump's economic policies, asking them to rate them on a scale of 1 to 5, with 5 being the most favorable score. Their ratings were mostly poor. On the issue of tariffs, Trump received a score of 1.86 (out of 5), with 27 respondents giving the lowest rating. In terms of the stock market, his score was similarly dismal at 1.96 (25 respondents rated him a 1 out of 5), while the executive order targeting law firms was almost equally poor at 2.10—this is a direct attack on the rule of law that underpins the American free enterprise system. The ratings for cryptocurrency (2.0) and inflation (2.16) were also disappointing.
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