Fewer small business owners now than a year ago approve of the job Joe Biden is doing as president.
But you won't see much acceptance of price gouging on Main Street. Small business owners seem especially reluctant to take advantage of the current inflationary environment by passing on higher costs to their customers. Overall, twice as many small business owners say now is a bad time to raise prices than say now is a good time to raise prices.
This quarter, just 27% of small business owners say they are confident in the Federal Reserve's ability to control inflation, almost exactly matching last quarter's 28%. On Wednesday, Chairman Jerome Powell announced that–the first such step taken since the recent inflation run began last year.
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