here s where the bank s base rate stands at the moment at 5.25% it is the highest in 15 years. the bank has raised the cost of borrowing fourteen times to try and tame soaring prices but inflation has eased sharply in recent months and the expectation now is that rates may soon start to come down. however, for those in the uk hoping for cheaper mortgages and loans there was something of a bad omen in the us, where the chair of the federal reserve seemed to dash expectations of a rate cut next month. as michelle fleury reports. the fourth meeting in a row, the federal reserve did not raise interest rates. this is the longest pause since policymakers began their aggressive rate campaign to tame inflation back in march of 2022. but for rate weary americans, well, they will likely have to wait a few more months to see any relief, given these comments by the federal chair. based on the meeting today, i would tell you that i don t think it s likely that the committee will reach a
resolve quickly. i think you will find there is nothing there. i have no regrets. i m following what the lawyers have told me they want me to do. exact will i what we re doing. there is no there there. harris: critics reacting with this. this just in. china and ukraine have no regrets about their access to biden s documents, either. another pointing out the president s totally different reaction to trump s document scandal. the washington post reporting quote, a justice official asked specifically that biden s legal team secure the materials from the penn biden center and refrain from further reviewing them or other relevant documents that might be stored at different locations. did they do that? white house correspondent jacque heinrich live from the north lawn. that s an important question. harris, the president is being investigated for whether or not he took classification laws seriously. the expression of no regrets is giving a lot of fodder to his biggest critics.
investigated. harris: we ll pause and move on. the president s team has said what is happening now with the classified documents scandal has nothing to do with this. president biden is delaying his 2024 decision announcement. maybe because of all the other problems the nation is watching as he leads us. the raging border crisis, painful inflation. all of it on top of the document scandal coming as presidential primary season is nearly upon us. can you even believe it s this close? biden will tell america if he is running again after he gives the state of the union address scheduled for february 7th. sources telling fox there is no connection again between the timing and the ongoing special counsel investigation. new poll taken after the document story you just heard it from kellyanne, 36%, that s dismal for approval. harold, can you even defend him? well, there is a lot there, harris. a couple of things. in the mid-terms before the mid-term elections president
some republicans who are asking them to delay the wednesday leadership election and even though mcconnell is certainly the next republican leader. he ll be the longest serving party leader in history when he achieves that. and the democratic side, a lot of questions about what nancy pelosi will do. the house speaker, someone who has dominated her caucus for the better part of the past two decades there are a lot of question two questions of whether this is the last time atop the democratic caucus. when she was asked about this yesterday she made clear that her decision announcement will wait. p will be rooted in what the wishes of my family and the wishes of my caucus. but none it will be very much considered until we see what the outcome of all of this is. reporter: jim, it is also important to note that pelosi, whether she assumed the speakership to lockdown the votes a few years ago, promised that 2022 would be the last time
regardless of what one thinks about roe v. wade and even justice ginsburg, ruth bader ginsburg was a critic of roe s reasoning, the bottom line, particularly at this juncture in american history, was thought to be very solid. so it is a horrendous move by the supreme court. and joyce, i know this is just coming across. this is breaking news that we re living through here on msnbc. i m wondering, joyce, the similarities with the logic and the statements from today s decision announcement and then the one that was leaked some weeks, months ago. so i think it will take us a while to get a black line to compare this opinion to the leaked opinion. but in substance, it appears to match the opinion that we saw earlier. and the reasoning here is particularly tragic. essentially what the court says is, there is no right, no