Fed Statement Revamped Under Warsh Amid Rate Hike Concerns

The Federal Reserve released its latest policy statement on September 16, 2026, under the chairmanship of Kevin Warsh. The new statement shows changes from the previous one issued in July. Notably, some text has been removed from the July statement.

According to CNBC, this removal is indicated by a red line with a horizontal line through it. One change is that the phrase 'inflation remains elevated' has been deleted. This alteration suggests that the Fed's perception of inflation may be shifting.

The Federal Open Market Committee (FOMC) statement also signals one more interest rate hike to come this year, following the recent decision to raise rates. The Dow fell 400 points after the rate hike announcement, reflecting market reactions to the news.