News Wrap: Fed raises interest rate, warns against trade war

In our news wrap Wednesday, the Federal Reserve raised a key short-term interest rate for the third time this year, to 2.25 percent. Fed chairman Jerome Powell also said that "widespread tariffs that remain in place for a long time" would be bad for the U.S. economy. Also, President Trump said at a news conference that he does not want to fire Deputy Attorney General Rod Rosenstein.