Chairman Warsh drastically alters Fed rate statement. Here's what's changed

Chairman of the Federal Reserve Kevin Warsh delivers remarks after being sworn in during a swearing-in ceremony in the East Room of the White House on May 22, 2026 in Washington, DC. Anna Moneymaker | Getty Images Wednesday's Federal Reserve statement looked drastically different than those issued after previous meetings, offering one of the first formal signs of the changes new Federal Reserve Chairman Kevin Warsh has promised. The statement released Wednesday contained around 130 words, down from figures above 300 seen in each of the past two meetings, according to a CNBC analysis of the releases. Below is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in April. Text removed from the April statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements. Zoom In Icon Arrows pointing outwards Wednesday's release contained no information on how members voted, previously a hallmark of releases under former Federal Reserve Chairman Jerome Powell. Instead, Wednesday's statement indicated only that it was a unanimous vote. The latest statement also includes less color on how the Fed views inflation and where it could be going next. However, the statement did say that the Fed is committed to having stable prices. …