Here's what changed in the new Fed statement

Published Wed, Mar 16 20222:04 PM EDTUpdated Wed, Mar 16 20226:30 PM EDT

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Inflation will get better whether the Fed raises rates or not, says former NEC Director Gary Cohn

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Jan. 26.

Text removed from the January 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.

Watch Fed Chair Jerome Powell's press conference here.