Fed holds interest rates steady at 3.75% to 4% range

Federal Reserve officials voted 10-2 to hold interest rates steady at 3.75 to 4 percent following an initial rate hike in September. Fed Chair Kevin Warsh continues to reaffirm its strict commitment to restoring price stability and driving inflation back toward the 2 percent target. Dr Leo Chen with USF Muma College of Business, joined FOX 35's Garrett Wymer live over Zoom to break down the details of the meeting.