Here is what changed in the new Fed statement

retained text

Federal Reserve Chair Kevin Warsh speaks to reporters during his first news conference since taking the helm at the central bank on June 17, 2026 in Washington, DC. 
Chip Somodevilla | Getty Images
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in September.
Text removed from the September statement is in red with a horizontal line through the middle.
New text that's been added since the last statement is in red and underlined.
Black text appears in both statements.

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