A new poll shows Americans are putting blame on President Biden for rising inflation.
According to the Morning Consult/Politico poll, 52% of voters say Biden is ”most responsible” for the current state of the economy, with 29% saying former President Donald Trump is most responsible and 19% saying they have no opinion.
Most voters also feel the Biden administration is taking the country in the overall wrong direction, 53% to 47%, and a majority of those who see the economy as the No. 1 issue believe the administration is going in the wrong direction, 56% to 44%.
A total of 90% of those surveyed said they were ”somewhat or very” concerned about the economy, with 93% of Republicans, 88% of Democrats and 89% of independents feeling that way, according to the poll.
Appearing on CNBC Wednesday, Federal Reserve Chairman Jerome Powell warned that the risk of inflation “could turn out to be higher and more persistent than we expected” following a decision to keep the interest rate unchanged.