whether he thought massive demand for"Barbie" and Eras tickets were signs that"the American consumer is in very good shape".– but warned that too large of a rebound in growth could lead to prices soaring again.
"The strength of the economy, overall, that's a good thing. It's good to see that, of course," he said. "But… at the margin, stronger growth could lead over time to higher inflation and that would require an appropriate response from monetary policy," Powell added."So we'll be watching that carefully and seeing how it evolves over time."
Economists have pointed to demand for both"Barbie" and Swift tickets as signs that Americans are willing to spend, which could boost growth.
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