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Added on the 15/09/2016 20:24:07 - Copyright : Reuters EN
Republican White House contender Donald Trump on Tuesday accused the U.S. Federal Reserve of keeping interest rates low at the request of President Barack Obama's administration. Rough Cut (no reporter narration).
The US Federal Reserve has voted to hold interest rates at a 22-year high for a second straight meeting. "Today we decided to leave our policy interest rate unchanged," announces Fed chair Jerome Powell. SOUNDBITE
US Federal Reserve Chair Jerome Powell announces that the US Federal Reserve has voted to keep interest rates at a 22-year high, between 5.25 percent and 5.50 percent. SOUNDBITE
Senate Majority Leader Mitch McConnell on Tuesday placed the blame for the attack on the Capitol firmly at the feet of President Donald Trump. CNN reports the Kentucky Republican said on the Senate floor that Trump 'provoked' the violent insurrectionists on January 6th. The mob was fed lies. They were provoked by the President and other powerful people. US Senate Majority Leader Mitch McConnell McConnell's comments came as the Senate prepares to hold an impeachment trial over the House's charge of 'incitement of insurrection.' He said the despite the violence, Congress did its duty by certifying the victory of President-elect Joe Biden and Vice President-elect Kamala Harris.
The price of US housing in the third quarter of 2020 saw the biggest year-over-year jump since 2013. Markets Insider reports the median price for a single-family home rose 12%, mainly fueled by record-low mortgage interest rates. But there's a downside: Not every American is benefitting from the rally. In fact, Q3 saw the proportion of first-time homebuyers drop to just 31%. That's the lowest share in over 30 years. As home prices significantly outpace median family income growth, more Americans have been pushed out of the housing market and have had to delay homeownership.
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