Federal Reserve Chairman Kevin Warsh gives 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 Fed statement differed significantly from statements issued after previous meetings, marking one of the first formal signs of change promised by new Fed Chairman Kevin Warsh.
Wednesday’s statement contained about 130 words, down from more than 300 words in each of the previous two meetings, according to a CNBC analysis of the presentations.
Below is a comparison of Wednesday’s Federal Open Market Committee statement with the statement issued after the Fed’s previous policy meeting in April.
Text removed from the April statement is red with a horizontal line down the middle.
Text that appears for the first time in a new statement is underlined in red.
Both statements display black text.
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Wednesday’s announcement did not include information on how members should vote, which had previously been a feature of announcements under former Federal Reserve Chairman Jerome Powell. Instead, Wednesday’s statement indicated only that it was a unanimous vote.
The latest statement also didn’t say much about how the Fed views inflation and where it might go next. But in a statement, the Fed said it would work to stabilize prices.
“What Kevin Warsh is trying to do with this statement is not use it to guide the future. I think he’s done a pretty good job of that,” David Wessel, a senior fellow at Brookings University, said on CNBC’s “Power Lunch.”
Warsh, who took over as chairman late last month, has promised “systematic change” at the Fed.
Click here to watch Federal Reserve Chairman Kevin Warsh’s press conference.
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