CBS fires veteran journalist Scott Pelley amid leadership turmoil
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Scott Pelley, CBS, Nick Bilton
United States
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U.S. Federal Reserve raises interest rates to 3.75-4% range
The Federal Open Market Committee unanimously raised the benchmark interest rate by 0.25 percentage points to a range of 3.75% to 4%. Fed Chair Kevin Warsh cited the need to address inflation, which remains above the 2% target, and noted the strength of the U.S. economy. President Donald Trump criticized the move, calling for lower interest rates.