President Donald Trump has pointed the finger at the Federal Reserve amid talk of a recession, but voters are looking at him.
A majority of voters will blame President Donald Trump more than anyone else if the economy enters recession this year, according to a new poll, and most are concerned that there will be a sharp downturn within the next six months.of 2,531 registered voters at the end of August found that 57 percent would blame Trump more than the Federal Reserve or anyone else should America enter recession by the end of the year.
Trump has accused the Federal Reserve of misjudging the economy and believes it should cut interest rates further to support growth and the stock markets inThe Federal Reserve's stated mandate is to bring about the financial conditions that create"maximum sustainable employment, stable prices, and moderate long-term interest rates," not to expand the economy as Trump suggests. It tries to steer inflation towards a 2 percent target.
The Harvard CAPS/Harris poll found that 63 percent believe the tariffs are hurting the U.S. more than China. Moreover, 74 percent said U.S. consumers, not China, pay the cost of the tariffs. The poll comes as a closely-watched manufacturing survey pointed to a contraction in the sector. The Institute for Supply Management'sfor manufacturing sunk to 49.1 percent in August, down from 51.2 percent in July.
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