The implication of Powell’s view was that the US economy was going to
have a ‘sugar rush’ from the fiscal stimulus and from the ‘pent-up’
demand of consumers with cash savings ready to spend on restaurants,
leisure, travel etc once the pandemic restrictions were relaxed. But as
every parent knows, giving a child too much sugar leads to a rush of
energy. And then comes the letdown and sleep. That is what Powell
worries about, namely that after this burst of energy on the ‘sugar
high’ of government paychecks and restaurants meals, the US economy will
slip back into the low growth trajectory that applied before the
pandemic slump.
https://thenextrecession.wordpress.com/2021/03/21/the-sugar-rush-economy/
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