President Biden is expected to highlight economic strength but also discuss inflation in his State of the Union address.
to offset increases in the costs of supplies, and more plan to do so if inflation remains elevated, which is their expectation, according to the survey. Over 80% of small business owners expect inflation to still be a problem six months from now , while just 28% of small business owners are confident in the Federal Reserve's ability to control inflation.
"Inflation is an effective issue for Republicans to seize upon to think ill of Biden while Democrats downplay it. But independents are quite concerned and that is a problem for Biden and for Democratic candidates," Franklin said. The Quinnipiac polling finds that 6 in 10 Americans feel the economy is getting worse, even though the majority describe their financial condition as good or excellent. Nearly three-quarters, 72%, say increased prices on food and gas have caused them to change spending habits.
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