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

Key Points

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 This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in April.

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 This 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.
Warsh (PERSON) Fed (ORG) the Federal Reserve (ORG) Kevin Warsh (PERSON) the East Room of the White House (LOCATION) Washington, DC (LOCATION) Anna Moneymaker (PERSON) Getty Images (ORG) Federal Open Market Committee (ORG)
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