Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’Federal ReserveWASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favor of higher rates as the central bank wrestles with how to deal with persistently high inflation. The Iran war has generated uncertainty over the economic outlook and has driven energy prices higher, intensifying inflationary pressure and creating a quandary for Fed policymakers. The yield on the 10-year Treasury, for instance, has risen from around 4.50% in mid-June to 4.64% just ahead of the Fed’s rate decision. I know he’d love to see lower interest rates, but he’s got a board and it’s a political board and they want to keep rates up,” Trump told reporters. But several Fed policymakers have been arguing that the Fed will have to raise rates to return inflation to the 2% target.