Fed statement changes under Warsh show a shorter, simpler format

The Federal Reserve’s latest policy statement offers another look at how Chair Kevin Warsh is changing central bank communication. The release, issued after Wednesday’s Federal Open Market Committee meeting, was compared with the statement from the Fed’s June meeting. Under Warsh, the statement has become shorter and less detailed than in previous years. The June version was about 130 words, down from more than 300 in some recent meetings, and it did not include forward guidance or information on how members voted. Warsh has said the revised approach is meant to present facts more directly and avoid language he считает less useful for current policy conditions. Investors are watching to see whether the Fed will keep using a streamlined template or continue adjusting the statement from meeting to meeting.