**[Record Highs in U.S. Stocks Fail to Boost Public Opinion: Trump's Approval Rating Drops to Lowest Point in Office, Republican Base Weakens]** BlockBeats News, January 22 — Despite U.S. stocks continuing to rise during the first year of Trump's second term, his political approval has significantly declined. The latest Economist and YouGov poll shows Trump's current approval rating at only 37%, with a disapproval rating of 57%, resulting in a net approval rating of -20%, marking a new low for his second term. Alarmingly, there are signs of instability within the Republican Party itself, with internal approval dropping from 88% to 79% within a week. Most voters attribute their dissatisfaction to tariffs driving up inflation and living costs, with 69% of respondents believing tariffs directly increase expenses. On monetary policy, the public clearly trusts the Federal Reserve more than the White House. 44% of voters trust Powell to set interest rates, while only 18% trust Trump, reflecting widespread skepticism about White House interference in monetary policy. Geopolitical issues are also dragging down public opinion. Whether it’s "purchasing or forcibly acquiring Greenland" or taking military action against Venezuela, both have been opposed by the majority of voters. Analysts point out that stock market prosperity has not translated into political capital, with price pressures and diplomatic uncertainties becoming core reasons for the decline in Trump's approval rating.