Fed policymakers voted 9-3 to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows the central bank's decision to hold rates steady in January, March, April and June following three successive 25-basis-point rate cuts in September, October and December to close out last year. READ MORE: New Fed Chair Warsh Oversees First Major Policy Decision As Board Decides on Interest RatesTrump Welcomes New Fed Chair Warsh During White House Swearing-in CeremonyThe report continued with details on the three members who were in the minority and voted for an increase:Three FOMC members dissented from the decision, including Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan. AdvertisementKevin Warsh announces the Federal Reserve holds interests rates steady, with internal dissent. If, as the Fed has long held, interest rate policy should be its primary monetary policy instrument, how much accommodation are we getting from the balance sheet?