More than twice as many Americans believe President Joe Biden 's actions are hurting inflation rather than helping, according to a n...
More than twice as many Americans believe President Joe Biden's actions are hurting inflation rather than helping, according to a new poll, which comes even as Biden as increased his public attention to the record-breaking price hikes.
A large plurality of 47 percent said Biden's actions on getting inflation under control were actually hurting, according to a new Fox Business poll.
That is compared to 22 per cent who said it was helping, and 28 per cent who said it wasn't making a difference.
This comes as an increasing number of Americans identify inflation as a leading problem that is impacting their lives.
More than a third of those surveyed, 36 per cent, called inflation the biggest issue facing the economy, while 16 per cent rated government spending and the deficit as the biggest issue.
Twice as many believe Biden's actions are hurting on inflation than helping in a new Fox Business poll
The reviews come after Biden and congressional Democrats were able to muscle through a $1.3 trillion American Rescue Plan and a $1.2 trillion bipartisan infrastructure law – but as Biden's $1.8 trillion Build Back Better Plan remains stalled.
Part of the problem for Biden is that the public appears to be settling on the view that this latest part of his agenda would be inflationary, even as the White House cites experts who say it won't be.
Consumer prices spiked by 6.8 per cent for the year through November, the highest since 1982.
The infrastructure bill was not paid for with offsetting tax hikes, although the BBB plan actually is – although skeptics like Sen. Joe Manchin (D-W.Va.) have raised concerns that it is undercounting costs because popular programs would get extended down the line.
The poll showed 46 per cent said Biden's plan would push inflation higher, compared to 21 per cent who said it would help lower inflation.
The poll showed 46 per cent of Americans surveyed said Biden's Build Back Better plan would push inflation higher, compared to 21 per cent who said it would help lower inflation
Sen. Joe Manchin (D-WV) has repeatedly raised concerns about inflation as he holds out support from Biden's Build Back Better plan
Fed Chair Jerome Powell announced new actions meant to address spiking inflation amid a hot economy Wednesday in a move that signaled an effort to confront inflation
A driver fills a tank at a gas station Friday, Dec. 10, 2021, in Marysville, Wash. Consumer prices rose 6.8% for the 12 months ending in November, a 39-year high
A CNN / SSRS poll released Wednesday showed 75 per cent of people are worried about the economy in their community, with 63 per cent saying it is in poor shape, and 80 per cent calling rising costs of food and other items are a major problem in the economy.
Biden has made increased efforts to focus on inflation, calling it a 'real bump in the road' in remarks last week, and discussing food and other costs in his speeches. His administration has been taking actions to address supply chain issues, and announced new programs to deal with a trucking shortage on Thursday.
The Federal Reserve announced new actions on Wednesday as Fed Chair Jerome Powell acknowledged inflation was more than a 'transitory' issue.
'I believe that inflation may be more persistent, and that may be putting inflation expectations under pressure and that the risk of higher inflation becoming entrenched has increased,' Powell said.
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