The voted 9–3 to hold the at 3.5% to 3.75%. The decision keeps the unchanged in support of the Fed's .
Three members voted against — Beth Hammack, Neel Kashkari, and — preferring a quarter-point hike instead. is an unusually wide split for the committee.
The three dissenters are signaling that inflation is still too hot to pause.
The committee's statement said inflation remains above its 2% goal, partly from supply shocks that have driven up energy prices. It also said the economy is expanding at a solid pace despite uncertainty from the Middle East conflict, and that it will deliver price stability.