No one wants to relive the double-digit inflation of the 1970s, Yellen told the Senate Finance Committee on Wednesday
Growth in April and May accelerated despite supply disruptions
That's a pullback from the 4.7% spending surge in March, but the drop was expected
The concerns were detailed in meeting minutes
The acceleration in prices has unsettled financial markets
Consumer spending rose 4.2% in March, at its fastest pace in nine months
A Federal Reserve survey finds optimism as activity accelerates
Consumers' spending and personal incomes both fell sharply
The Fed chairman recently reflected on the central bank's pandemic response in an NPR interview
Continued support from the Fed will be required