The Consumer's More Important Right Now Than That

"It's only a matter of time before the consumer finally buckles under the weight of four-decade old inflation," he says. "I think as long as the job market stays tight, even if we see unemployment go up more, you're going to see better wages." The key is getting that inflation down: If wages are high and inflation comes down, that's really pretty powerful. But I don't want to totally discount the consumer as being a real growth engine for the economy".