McCarthy saw Wolves slide into 20th position after being beaten 2-1 at home by fellow strugglers Wigan on Boxing Day. Now they face a testing clash with Liverpool at Anfield on Wednesday evening.
But McCarthy, adamant he retains the backing of Morgan and Wolves chief executive Jez Moxey, said: "Am I feeling the pressure at all? It is always the same from outside.
"I don't worry about that at all because I have a good relationship with everyone at the club. A huge amount of faith and trust has been placed in me - and by me in them (Morgan and Moxey).
"That doesn't concern me at all. I just carry on and keep trying to get results. We are all concerned about it, of course we are. No-one is happy with the position we are in. But to start worrying about things I can't do anything about...that is not the case. I don't think I have any need to worry about that."
McCarthy will have to keep faith with the 18 players on duty against the Latics. In addition to Kevin Doyle, Karl Henry and Jody Craddock, he will again be without Steve Mouyokolo and Michael Mancienne through injury, but winger Matt Jarvis and striker Steven Fletcher are in contention to start.
Source: PA
Source: PA