MMT on Steroids & Speed

Check out the accompanying pdf and chart collection. (1) Powell says it again: Not thinking about raising rates. (2) Powell impressed by recovery. (3) Rosengren endorses Biden plan. (4) Fed and banks financed most of 2020 federal budget deficit. (5) Yields stay low despite soaring commodity prices. (6) New record high in real GDP coming this year. (7) Economy getting Blue Wave booster shot. (8) Upward revision in December retail sales likely. (9) Yellen & Powell: MMT-BFFs. (10) Tech boosts capital spending. (11) The Blue Wave and the budget reconciliation process. (12) Movie review: “The Flight Attendant” (+ +).