[4 Dissenting Votes, Federal Reserve Divisions Deepen as Powell's Term Nears End] Odaily Planet Daily News – The Federal Reserve kept interest rates unchanged as expected, with a total of 12 voting members participating. Notably, there were 4 dissenting votes, the highest since October 1992. According to the FOMC statement, Federal Reserve Governor Milan voted against maintaining the current rate and supported a 25 basis point rate cut. Cleveland Fed President Harker, Minneapolis Fed President Kashkari, and Dallas Fed President Logan voted to keep rates unchanged but opposed retaining dovish language in the statement. The FOMC statement retained the word "further" in the phrase "in considering the extent and timing of further adjustments to the target range for the federal funds rate." Investment banks had anticipated the removal of the word "further" to reduce the implication of potential rate cuts. This meeting is likely to be Powell's final one as Federal Reserve Chair. (Jin10)