Esther George, president and chief executive officer of the Kansas City Federal Reserve Bank (L), and Eric Rosengren, president and chief executive officer of the Bostn Federal Reserve Bank.

The Fed has become increasingly divided, with three officials voting against the Fed's quarter-point cut to the fed funds target rate range.

Boston Fed President Eric Rosengren and Kansas City Fed President Esther George voted for a second time against an interest rate cut, because, they said, they believe the economy doesn't need more support. They were joined by a third official, St. Louis Fed President James Bullard, but he voted against it because he wanted an even bigger cut, of 50 basis points.

The Fed cut the fed funds target rate range to 1.75% to 2%.