Voters disgruntled with years of high inflation could blame Vice President Kamala Harris, the likely Democratic nominee, at the ballot box in November.
High inflation that plagued much of President Biden's time in the White House could come back to haunt his likely successor, Vice President Kamala Harris, in the upcoming presidential election against Republican nominee Donald Trump. Many investors anticipate that Harris will push for a continuation of Biden's economic policies that some believe exacerbated the inflation crisis.
The state of the economy has consistently ranked as a top priority for voters. About 89% of voters said the handling of the economy will be very important or somewhat important in determining who they vote for in the upcoming election, according to a recent Bankrate survey. "I think all elections really rely on the strength of the economy, at least for the incumbent administration," Foster said.
Under Biden, inflation skyrocketed to the highest level in 40 years. The cost of everyday necessities like rent, groceries and gasoline surged, prompting the Federal Reserve to hike interest rates to a two-decade high. Higher interest rates, in turn, created other downstream effects, pushing mortgage rates above 8% for the first time in decades and making it much harder for businesses to access credit. While inflation has fallen from a peak of 9.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden Calls Kamala Harris ‘Vice President Trump’ At High-Stakes Press ConferenceAntonio Pequeño IV is a reporter who covers breaking news, with a focus on technology and online culture. He joined Forbes in 2023 and works in Los Angeles. He’s covered Elon Musk’s Twitter takeover, the Reddit blackout protest and debunked viral rumors.
Read more »
Trump's biggest nightmare: Switch to Kamala Harris leaves Team Trump with regrets about VanceThis is additional taxonomy that helps us with analytics
Read more »
Kamala Harris Gets Most Important Endorsement of All From Charli XCX: ‘Kamala IS brat’Kamala Harris got an endorsement from Charli XCX after Pres. Joe Biden endorsed his VP following his exit from the race: 'Kamala IS brat.'
Read more »
'Kamala IS brat': How Kamala Harris' campaign is embracing the memesHarris memes related to Charli XCX's 'Brat' have taken over social media.
Read more »
'Kamala IS brat': How Kamala Harris' campaign is embracing the memesHarris memes related to Charli XCX's 'Brat' have taken over social media.
Read more »
'Kamala IS brat': How Kamala Harris' campaign is embracing the memesHarris memes related to Charli XCX's 'Brat' have taken over social media.
Read more »