High inflation could haunt Kamala Harris in fight against Trump
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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. «In general, we think she’ll pick up the Biden-Harris mantle,» strategists at Evercore ISI said in a note Tuesday.
That could put her on a collision course with voters who are still feeling the sting of higher prices and are looking to hold someone accountable at the ballot box in November.
«If it's essentially the same platform, Americans who feel left behind by the economy, burnt out because of inflation, feeling like they're not getting by, they might still continue to cast the same amount of blame to Harris as they did for Biden, because she was still really in the White House when inflation surged,» Sarah Foster, a Bankrate analyst, told FOX Business.
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President Biden, left, and Vice President Kamala Harris on the Truman Balcony of the White House in Washington, D.C., on July 4, 2024. (Tierney L. Cross/Bloomberg via Getty Images / Getty Images)
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
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