Republican, Democrats reach compromise over Covid-19 stimulus package

[drray23]

4. if mcconnel retain control what we gained in exchange of that "compromise"

will amount to nothing.

Republicans believe the new language will still prevent the Fed from pursuing vast new lending programs on its own without permission — and new appropriations — from Congress. At the same time, it gives the incoming administration of President-elect Joe Biden the clear authority to pursue new tools in conjunction with the central bank to confront threats to the economic recovery from the pandemic.

Any new tool Biden wants wont pass the senate.