![U.S. Federal Reserve Chair Jerome Powell speaks during a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., December 18, 2024.](https://media.nbcnewyork.com/2024/12/108077855-17345532022024-12-18t201711z_1403104016_rc2vrbasb2u8_rtrmadp_0_usa-economy-fed.jpeg?quality=85&strip=all&resize=320%2C180)
U.S. Federal Reserve Chair Jerome Powell speaks during a press conference where he announced the Fed had cut interest rates by a quarter point following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., December 18, 2024.
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in December.
Text removed from the December 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.
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Black text appears in both statements.
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Watch here for Federal Reserve Chair Jerome Powell's press conference.