[The Federal Reserve Maintains Rates as Expected, Waller and Milan Cast Dissenting Votes] Jin10 News, January 29 – The Federal Reserve maintained interest rates today, citing persistently high inflation and robust economic growth. The policy statement offered little indication of when another rate cut might occur. The Fed decided to keep the benchmark interest rate in the 3.50%–3.75% range with a vote of 10 in favor and 2 against. The statement noted: 'Economic activity continues to expand at a robust pace.' Board members Waller and Milan cast dissenting votes, advocating for a 25-basis-point rate cut. The statement provided no signals regarding the timing of the next rate cut, only stating that the extent and timing of 'further adjustments' would depend on subsequent data and the economic outlook. Meanwhile, the Fed stated that inflation 'remains slightly elevated,' while the labor market 'has shown some signs of stabilization.' Although the Fed noted that 'employment growth remains subdued,' it removed previous language from its statement about rising downside risks to employment, suggesting that policymakers are generally less concerned about a sharp deterioration in the labor market.