The Federal Reserve voted 10-2 to maintain the benchmark interest rate in the 3.75%-4.00% range. Nevertheless, the Fed acknowledged that inflation "remains elevated," upgraded its assessment of the U.S. economy to "strong," and hinted at potential future rate hikes depending on inflation. Two governors voted in favor of a 25 basis point hike. According to Reuters, this policy statement represents a "significant shift" from Chairman Warsh's previous avoidance of forward guidance.