Donald Trump likes to blame Vice President Kamala Harris and his former election opponent, President Joe Biden, for inflation surging in the aftermath of the COVID-19 pandemic. The attack makes political sense. Even as the Fed declares victory in the fight against inflation, recent polls suggest American voters remain preoccupied with the economy and high prices as they head to the ballot box in November. Most economists, however, believe prices would rise faster under a second Trump administration than under Harris, according to a quarterly survey from the Wall Street Journal.
For the survey, 50 academic, business, and financial economists responded to questions about inflation and other matters. Sixty-eight percent said inflation would likely be higher under a Trump presidency, up from 56% in July, just before Biden dropped out of the 2024 race and endorsed Harris.
