The Federal Reserve announces today whether or not it will increase the country’s benchmark interest rate. Economists and political pundits have begun to project how the Fed’s decision will affect businesses. But who do small business owners believe has the most influence on the economy?
Small Business Owners: President Trump and Business Leaders Have Greatest Influence on U.S. Economy
Survey responses from 3,458 small business owners
According to a survey of 3,458 small business owners on Thumbtack, President Trump (36 percent) and business leaders (31 percent) have the most influence on today’s economy. These two responses overwhelmingly outpace other decision-makers, including Republican leaders in Congress (14 percent), Federal Reserve Chairwoman Janet Yellen (8 percent), state governors (5 percent), Democratic leaders in Congress (4 percent), and Treasury Secretary Steven Mnuchin (2 percent).
About the Thumbtack Economic Sentiment Survey
Every month, the Thumbtack Economic Sentiment Survey captures the attitudes and perspectives of thousands of business owners from across the country to gauge how they are feeling about the economy and their businesses. Now in its fifth year, this survey provides a unique vantage point on the economy, as respondents are largely mobile service professionals with five or fewer employees who operate across the United States. Because they are hard to reach, these professionals are frequently overlooked in other surveys of small businesses.