Here is what changed in the new Fed statement under Warsh

Christopher Warsh, who became Federal Reserve Chair in January 2026, issued a statement after the Federal Open Market Committee's January meeting that differed from the previous July statement in language regarding inflation assessment and interest rate guidance. The comparison shows shifts in how the Fed characterized economic conditions and forward policy direction under new leadership. The specific changes in wording reflected adjustments to the Committee's assessment of inflation progress and labor market conditions.

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