Biden Faces Uphill Battle for Reelection Despite Drop in 'Misery Index'

The "misery index" (inflation + unemployment) has fallen under Biden, which typically bodes well for a president's reelection chances

But Gallup polling shows just 37% of Americans approve of Biden's economic leadership

Trump has overtaken Biden in election polling, despite the drop in the misery index

The index may be "broken" because it doesn't account for rising interest rates, which are squeezing households

Biden faces a tough task to boost his economic approval ratings and win reelection, testing the misery index's credibility