Given an ideal $I=(f_1,ldots,f_r)$ in $mathbb C[x_1,ldots,x_n]$ generated by forms of degree $d$, and an integer $k>1$, how large can the ideal $I^k$ be, i.e., how small can the Hilbert function of $mathbb C[x_1,ldots,x_n]/I^k$ be? If $rle n$ the smallest Hilbert function is achieved by any complete intersection, but for $r>n$, the question is in general very hard to answer. We study the problem for $r=n+1$, where the result is known for $k=1$. We also study a closely related problem, the Weak Lefschetz property, for $S/I^k$, where $I$ is the ideal generated by the $d$th powers of the variables.