[Federal Reserve Policy Statement: Inflation has made further progress toward the 2% target, but is still at a "slightly high" level] Golden Finance reported that the Federal Reserve FOMC statement said that inflation has made further progress toward the 2% target, but is still at a "slightly high" level; the risks facing employment and inflation targets are in balance. The members voted 11-1 to pass the interest rate decision. Director Bowman dissented and believed that the interest rate should be cut by 25 basis points.