The Federal Reserve voted to hold interest rates steady, with nine members in favor and three members supporting a quarter-point rate hike.
Posted by Bill O’Reilly’s No Spin News and Analysis, Checked
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Bill O’Reilly’s No Spin News and AnalysisJul 30, 2026
The Federal Reserve's July 29, 2026 meeting held the federal funds rate at 3.50%-3.75% by a 9-3 vote, with the three dissenters (Hammack, Kashkari, Logan) preferring a quarter-point hike, as the Fed's own statement and Reuters both report.
What was said
… Make note of the fact that that was a joint attack with Saudi Arabia, who maybe has had enough of Iran's actions, even when Saudi Arabia has about 15% of their population who are Shia Muslims. The Federal Reserve decided to hold interest rates steady. Nine members voted in favor of maintaining the interest rates; three members supported a quarter point rate hike. Price of oil is still in the mid $80 range. Fed Chairman Kevin Warsh, who took over in May, says the goal is still to get inflation to 2%. We're just above 3% right now. Their next meeting is in September. …
Bill O’Reilly’s No Spin News and Analysis · · from the transcriptPost →What we found
Supports. The Federal Reserve's official July 29, 2026 statement records a 9-3 vote to maintain the target range, with Hammack, Kashkari, and Logan preferring a 1/4 percentage point increase.[2]
Supports. Reuters reports the Fed held rates steady on July 29 with three of the 12 voting members dissenting in favor of a quarter-point hike, and the final vote was 9 to keep rates and 3 to raise.[1]
Supports. NBC News, CNBC, and ABC News all report the July 29 hold as a 9-3 vote, with three policymakers supporting a quarter-point increase.[3][4][5]
Context. Later coverage of the September and October 2026 meetings describes different decisions and vote counts, which do not bear on the July vote the claim describes.[6][7][8]
Sources
8 sources: 1 fact-checker, 1 primary, 1 tier 2, 5 not rated
- 1VIEW Fed holds rates steady as three policymakers dissent ...reuters.com · fact-checker · cited for: supports
- 2Federal Reserve issues FOMC statementfederalreserve.gov · primary source · cited for: supports
- 3Fed holds interest rates steady as Iran war and tariffs loomnbcnews.com · tier 2 · cited for: supports
- 4Fed rate decision July 2026: Divided Fed holds interest rates steadycnbc.com · not rated · cited for: supports
- 5Fed holds interest rates steady as economy weathers ...abcnews.com · not rated · cited for: supports
- 6Fed Rate Decision: Fed Holds Interest Rates at 3.75% to 4 ...stocktitan.net · not rated · cited for: context
- 7The Fed is expected to hold rates steady. How will Warsh ...finance.yahoo.com · not rated · cited for: context
- 8The Fed held interest rates steady amid elevated inflation, 2 ...usatoday.com · not rated · cited for: context
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