Economic news: Rates remain steady, gas prices fluctuate

The Federal Reserve held interest rates steady due to concerns about elevated inflation amid the war in Iran. The decision was Kevin Warsh’s first as Fed chair. Meanwhile, the average U.S. gasoline price fell below $4 for the first time in months. However, the uncertainty in the Strait of Hormuz could lead to more fluctuation again. LiveNOW’s Anna Marsick spoke about the headlines with economist Mike Walden.