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Vos Iz Neias

Federal Reserve Policymakers Vote 9-3 to Leave Key Rate Unchanged Despite High Prices — For Now

Jul 29, 2026·1 min read

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war.

The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%. Dissenting in favor of a quarter-point interest rate hike were Beth Hammack, president of the Federal Reserve Bank of Cleveland; Neel Kashkari, president of the Minneapolis Fed; and Lorie Logan, president of the Dallas Fed. Inflation has been stuck above the central bank’s 2% target for more than five years.

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