NY Fed: Public expects inflation to keep rising

The Wall Street Journal reports “[h]ouseholds’ expectations of the near-term future path of inflation surged back to record levels in February, amid growing worries that it will become harder to borrow money over coming months, according to a report Monday from the Federal Reserve Bank of New York.”

This is bad news for Democrats because new polling shows “two-thirds of voters (68 percent) blame the Biden administration’s policies for inflation either fully or partially.”

NRCC Comment: “Americans know Democrats caused the inflation crisis despite their desperate attempts to shirk responsibility.” – NRCC Spokesman Mike Berg